Live Blog: Google's Self-Driving Car
Murphy: "One topic that isn't getting a lot of press is the expiration of the UAW contract. It will affect both the cost structure of GM and Ford... More important than the cost structure is the potential for a pension deal between the UAW and Detroit 3."
Murphy: "Auto industry growth is slowing in China... International auto markets remain volatile."
Murphy: "We expect the auto industry to reach a peak at 2018 with 20 million units... What we can see in the U.S. market right now is that pricing is at all-time highs."
Murphy: "From a structural supply standpoint, the auto industry is in very good shape for at least a few years."
Now speaking: John Murphy, Research Analyst, Bank of America Merrill Lynch
Urmson Says Google Is Not Working With Uber To Get The Self-Driving Technology In Uber Vehicles
Urmson: "We're always looking for new partners. At some point, we're going to be looking for partners to build complete vehicles."
Urmson: "Most people talk about the laser in our vehicle, but it actually uses radar and camera data as well."
Urmson: "For the self-driving part of the vehicle, the maps and the software do matter, but the heart of what we're trying to do is getting the right sensing."
Urmson: "We're building these prototype vehicles that allow us to learn quickly.... We're definitely not in the business of making cars. We're building these vehicles to allow us to explore the technology."
Urmson: Google Cars Understand Semantics Of Driving Like How To Respond To Pedestrians, School Buses and Emergency Vehicles
Urmson: "About a year and a half ago, we started to refocus our efforts so that the vehicle really could drive everywhere."
Urmson: "We had 140 employees use the technology to get to and from work every day. It was transformative."
Urmson: "By 2013, we developed a system that we thought was robust enough to have other Google employees use to commute."
Chris Urmson, Director, Self-Driving Cars at Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is speaking Wednesday afternoon at the Automotive News World Congress in Detroit. Benzinga will be posting live updates throughout the presentation.
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