Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Innovation

VW's Cedric self-driving car in 2017 (Photo by Sean Gallup/Getty Images)

By Savannah Young Leaders Staff

Savannah Young

Savannah Young

News Writer

Savannah Young is a news writer for Leaders Media. Previously, she was a digital reporter for WATE Channel 6 (ABC)...

Full bio


Learn about our editorial policy

Aug 4, 2022

VW Moves Closer to Self-Driving Cars

Volkswagen advances toward self-driving cars, selecting an advanced radar manufacturer. 

The German company selected a leading manufacturer of high-performance, solid-state LiDAR sensors and perception software. VW selected Innoviz to supply lidar technology, which act as eyes for self-driving vehicles, to continue the development of this fast-moving segment.

Innoviz announced Tuesday that Volkswagen’s software business Cariad selected the Innoviz Two system and perception software for VW’s lidar needs. The Two is Innoviz’s latest generation product. The announcement caused Innoviz stock price to rise more than 19% on Tuesday, landing at $4.78.

“We are thrilled to work with the Cariad team and be a supplier … to support safe mobility for vehicles launching from the middle of the decade,” says Innoviz CEO Omer Keilaf in a news release. “Cariad is a leading player in the transformation of the whole automotive space.”

Cariad is a software company that encompasses all of VW’s software capabilities. It serves the entire group of VW brands including Volkswagen, Audi, Porsche, and others. Cariad was founded in 2000 and has about 5,000 developers, engineers, and designers employed, reports Barron’s.

Lidar is a laser-based radar and a key enabling technology for self-driving cars. It is essentially another set of eyes for a vehicle and can typically see further down the road than traditional radars. Many automakers are opting toward the Lidar technology as they work towards self-driving cars.

In early June, a subsidiary of General Motors called Cruise obtained the first permits for self-driving taxis in San Francisco. Reuters reports that Cruise plans to launch 30 vehicles in the upcoming weeks.

Previously, driverless vehicles were permitted in the city, but a safety driver had to be present. Now, the vehicles can operate without this precaution, though they still have strict regulations limiting speed and location. 

Google parent company Alphabet has Waymo, a driverless-taxi service that has been ferrying people around Phoenix, Arizona, since 2018, and has been driving its employees around San Francisco since March of this year, Reuters reports.

Opponents of self-driving vehicles cite safety concerns, arguing that the technology is not yet sufficient to handle certain situations.

Home / News / VW Moves Closer to Self-Driving Cars
Share
FacebookTweetEmailLinkedIn

Related Stories

The Affordability Of EVs 

by Tyler Hummel Leaders Staff
Markets

40 minutes ago

Used Car

The rollout of electric vehicle (EV) technology is facing a long battle with market forces—but the sooner they become affordable, the sooner they will see mass adoption. 

Key Details

  • EVs are seeing record sales, with 7.1% of all car sales in January being electric. 
  • The average price of new EVs ($61,488) still eclipses the average price of new gas cars ($49,507), according to Kelley Blue Book. 
  • The average price of a car decreases by an average of 45% over five years. 
  • With the average selling price of a used car being $26,700, the EVs rolling off the lot right now are still going to be above the average cost of a used vehicle in five years. 
  • EVs are unlikely to see mass adoption before consumer models sell below the average transaction price for a used gas car. 

Go deeper

FacebookTweetEmailLinkedIn

Walmart Pushing For Healthy Worker Commutes

by Savannah Young Leaders Staff
Business

40 minutes ago

Walmart is pushing to have 10% of the retailer's workforce at its headquarters in Bentonville, Arkansas, commute by bike

Walmart is pushing to have 10% of the retailer's workforce at its headquarters in Bentonville, Arkansas, commute by bike or in any way other than riding alone by 2025.

Key Details

  • Walmart has set a goal of getting 10% of its workforce at its headquarters in Bentonville, Arkansas, to commute to work by bike or in any way other than riding alone by 2025.
  • To count toward the 10%, an employee must use alternative travel modes two or three times a week for a year.
  • Currently, fewer than 1% of Bentonville’s employees meet the company’s goals, according to Walmart.
  • To reach the goal, Walmart has partnered with People For Bikes, which works with businesses to expand bike infrastructure and educate residents on biking, and has hired a director of workplace mobility to oversee the transition.

Go deeper

FacebookTweetEmailLinkedIn

Diamonds … Not Just A Girl’s Best Friend

by Hannah Bryan Leaders Staff
Business

43 minutes ago

diamonds

Lab-grown diamonds have been around since the 1950s, but this manufacturer has been able to produce larger, better-quality diamonds—ideal for both jewelry and semiconductor chips.

Key Details

  • Martin Roscheisen’s company Diamond Foundry produces large lab-grown diamonds that are cut down into wafers which he says can be used in chips that power phones, laptops, and cars.
  • Diamond Foundry has tripled its diamond production in the last year and plans to produce 20 million carats worth of the gem by 2025. 
  • Natural diamonds are much more expensive and difficult to obtain. Roscheisen’s diamonds are much more cost-effective. 
  • Lab-grown diamonds have been used industrially for decades, but newly advanced technology has made it possible to produce diamonds of jewelry quality in sizes typically not found in nature. 
  • The artificial mineral now accounts for 10% of the diamond jewelry trade for a much lower price—sometimes 80% less. 

Go deeper

FacebookTweetEmailLinkedIn
Eat Just's cultivated chicken meat
Business

About an hour ago

The Fake Chicken Is Real Food, FDA Says

by Savannah Young Leaders Staff
artificial general intelligence
Tech

About an hour ago

Microsoft Boasts About Artificial Intelligence

by Hannah Bryan Leaders Staff
CFO to CEO
Executives

3 hours ago

CFOs Getting Giddy In the C-Suite Shuffle

by Hannah Bryan Leaders Staff

Recent Articles

Productivity

3 hours ago

84% of Workers Are Easily Distracted—Here Are 10 Tricks to Stay Focused

Learn to improve mental performance when you can’t stay focused.

Leadership

Mar 22, 2023

Creating Loyal Employees Is About More Than Just the Paycheck

If you think simply paying your employees more will gain their loyalty, think again.

Business

Mar 20, 2023

Worried About ADHD At Work? Here’s How It Might Actually Help You

Neurodivergent people often have a high level of creativity and innovative thinking.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com