Automated parking key to developing AV trust, suppliers say |
MUNICH — Two of the world's largest suppliers say automated valet parking could become a major tool in helping build trust among a public wary of autonomous driving technology.
Suppliers Robert Bosch and Continental, along with other suppliers such as Valeo, and automakers including BMW and Mercedes-Benz in September participated in a joint driverless parking project at the Munich auto show. The project demonstrated how sensors in a parking garage can work with onboard sensors to automatically park the vehicle and later return it to its owner.
"I don't know how many people you've met who really like going into a parking garage," said Markus Heyn, a member of the board of management at Bosch. "It's typically not a thing where people would really like to go in there. You'd rather drop off the vehicle and somebody else take care of it, and when I come back, hopefully the car is brought back to me. That's the whole idea."
Garages equipped for self-parking, should they become more commonplace, could become one of the first places the average person interacts with a fully automated driving system of some sort. And at a time when most consumers are skittish about self-driving vehicles, they could prove to be critical to building trust in advanced driving technology.
— John Irwin

What you need to know
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Autonomous delivery startup Nuro raises $600 million; valuation set at $8.6 billion Autonomous delivery-vehicle maker Nuro raised $600 million in its latest funding round, the Silicon Valley-based startup said Tuesday, bringing on board Alphabet Inc.'s Google as an investor. The funding round, led by Tiger Global Management, lifted Nuro's valuation to $8.6 billion from $5 billion, according to a person close to the deal. Toyota Motor Corp.'s Woven Capital, SoftBank Group Corp.'s Vision Fund 1 and Kroger Co. were among other investors.
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Roundup
With $1.1 billion raised to date, including $400 million from Toyota, autonomous driving company Pony.ai has, somewhat quietly, established itself as a global contender.
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A new study finds that EV service costs fall below those of gasoline-powered vehicles after three years.
Tech industry veteran has a mandate to keep Toyota on top as vehicles become more like computers.
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Brain food
"The residual values of ICE vehicles have not yet been impacted by competition from EVs. This will likely change over the next few years," RVI Group Senior Vice President Wei Fan writes.

Last mile
Hertz is not the first to offer rental Teslas: Ryan Levenson has rented his Teslas for three years as part of a Bay Area startup on the Turo car-sharing platform.