Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Hyundai Motor cautious about self-driving cars after Uber accident

Published 03/20/2018, 06:47 AM
Updated 03/20/2018, 06:50 AM
© Reuters. A Hyundai logo is seen on media day at the Paris auto show

SEOUL (Reuters) - Hyundai Motor (KS:005380) said on Tuesday it is cautious about developing autonomous vehicles because of safety concerns after an Uber [UBER.UL] self-driving car hit and killed a woman in the United States.

The accident involving the U.S. technology firm's car in Arizona marked the first fatality linked to an autonomous vehicle and a potential blow to the technology expected to transform transportation.

Yoon Sung-hoon, a director at Hyundai Motor, said safety concerns are a big factor in the development of autonomous cars, and as a result the South Korean automaker is "cautious about mass producing self-driving cars."

"When we evaluated other companies vehicles, they had more relaxed safety standards," he told reporters, adding that Hyundai is taking more time than rivals to develop autonomous technology to guarantee safety.

”No one knows under what situation accidents will occur.”

Hyundai, which has been slow in rolling out self-driving cars, has said it plans commercialise level 4 autonomous vehicles - which can operate without human input or oversight under select conditions - by 2021.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.