• Thu. Sep 22nd, 2022

Volvo Rolls Out Expensive Radar Technology Across Models – The Motley Fool

ByWikafever

Sep 22, 2022

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It’s completely free and we guarantee you’ll learn something new every day.
US driving fatalities fell to 10,590 in the second quarter, down from 11,135 in the same period last year, but they remain a scourge to humanity.
Swedish automaker Volvo, a perennial safety leader, thinks we can do better. The carmaker announced that all future models will be outfitted with laser-based sensors, known as lidar, which they say will cut serious accidents in their vehicles by 20%. Skål to that.
Lidar, which stands for light detection and ranging, is a remote sensing technology that uses pulsed lasers to create high-resolution images to capture an accurate 3-D view of the world. Cars outfitted with lidar can sense their surroundings and avoid obstacles like pedestrians, but high costs (a single lidar sensor can run over $1,000) mean the technology has largely been employed only by self-driving and commercial vehicles — rather than as an extra safety feature in regular old human-operated cars.
Still, analysts expect the use of safety sensors will soon become more commonplace; in the EU cars will soon be mandated to come with obstacle-activated emergency braking capabilities by law, and companies including BMW and Mercedes have announced lidar in certain models.
Volvo, which became the first carmaker to introduce three-point seatbelts in the 1950s, is looking to cement its place as a safety leader:
Lidar Contrarian: Tesla CEO Elon Musk has come out strongly against Lidar technology, claiming that “anyone relying on LIDAR is doomed…it’s like having a whole bunch of expensive appendices…in my view, it’s a crutch that will drive companies to a local maximum that they will find very hard to get out of.” Instead, Tesla uses cameras and radars to inform its automated driving features – and presumably cut back on the doom.

Market-beating stocks from our award-winning analyst team.
Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/22/2022.
Discounted offers are only available to new members. Stock Advisor list price is $199 per year.
Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
Making the world smarter, happier, and richer.

Market data powered by Xignite.

source

Leave a Reply

Your email address will not be published.