Car-less, Ride Sharing Future via GM
GM Investing in Ride Sharing Source: GM GM's Cruise Origin Cars are expensive to buy, insure, park, fuel and maintain. They pour tremendous amounts of pollution into the air, globally on a daily basis. Personal vehicles have low utilization rates. For all of those reasons and more, GM is moving to capitalize on a significant, alternative driving trend for the near future: ride sharing. California Cruising GM's self driving subsidiary Cruise just unveiled its new vehicle Origin in San Francisco. Origin is a new, ride sharing shuttle that can carry up to six passengers. It's all-electric, totally autonomous and specifically designed for ride sharing. For GM, this is a mass production vehicle as they believe the market potential for it is big. The vehicle has no steering wheel and no pedals. The vehicle is a new and additional business model for GM. The company has petitioned US transportation officials for approval to deploy it on US roads.