Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • Industry Spotlight
  • disruptive innovation
  • electric vehicles

Ford And Lyft Are Making Autonomous Driving A Reality

Autonomous or self-driving cars have always been one of those things that consumers have constantly been promised, but never really gotten the chance to experience.

This article was originally written by MyWallSt. Read more insights from the MyWallSt team here.

That could all change in 2021 thanks to Ford (NYSE: F). 

 

Is Ford working alone? 

Certainly not!

The famous ol’ automobile maker is working with Argo AI — an autonomous driving technology company of which Ford owns a considerable stake — as well as Lyft (NASDAQ: LYFT). 

Miami will be the first lucky recipients of self-driving cars later this year, along with a few safety drivers to ensure things don’t go pear-shaped in the early days of this venture. The trio has also laid out plans to expand to the Texan city of Austin next year followed by the rollout of about 1,000 self-driving cars in multiple markets within five years.

Industry moves slowly at times, which is evidenced here in its five-year plan, but consumers finally have a tangible timeline on actual self-driving rollouts. It is certainly quicker than much of the competition out there: 

  • General Motors expects to have full self-driving within the decade. 
  • Volkswagen’s ‘microbus’ is not expected until 2025 at the earliest. 
  • Tesla remains riddled with ‘self-driving’ issues, including multiple consumer rights investigations. 

Self-driving is still a completely untapped market in a multi-billion dollar industry. Between its applications in ride-hailing — as we’ll see with this Lyft partnership — in shipping, military applications, and more, this could be the renaissance that the auto industry needs.

 

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

  • Includes free newsletter updates, unsubscribe anytime. Privacy policy

Free ebook

Tricks of the trade: 7 interviews with the world’s top traders

Get it now

Related articles