Lexus Exec: Autonomous Vehicles Are Still Five Years Away
The driverless car revolution is still a long way down the road.
That’s according to Jeff Bracken, Group Vice President at Lexus, who told Cheddar that autonomous vehicles won’t take over the industry for another “five or 10 years.”
But when we get there, he said, there “will be huge safety benefits.”
His comments come in light of Uber’s fatal driverless car crash last week, which has left the industry reeling. Late Wednesday, a top exec at the company’s autonomous unit reportedly stepped down.
Meanwhile Lexus unveiled its new UX model at the New York International Auto Show earlier in the day. It will be the company’s first car fitted with Amazon’s Alexa system. Other features include a “predictive efficient driver.”
“This vehicle, from a technology standpoint, will get to know you,” explained Bracken.
“So if the vehicle recognizes it’s on a similar route and you’re going up a hill [for example], it will actually move into the electric motor mode so that it saves the gas.”
The carmaker hopes this model will attract millennials and is even considering offering a subscription-style financing model to do that.
Though still in planning phases, Bracken revealed that the subscription could include things like “maintenance on the vehicle.”
The new UX model is scheduled to hit dealerships in December.
For the full interview, [click here](https://cheddar.com/videos/lexus-unveils-a-new-compact-crossover-for-the-urban-explorer).
Jessica Traver Ingram, CEO and co-founder of IntuiTap Medical, discusses developing the company's Ver Touch device, the crucial FDA approval it just won, and why innovation in spinal blocks and epidurals is long overdue.
Matt Stucky, Chief Portfolio Manager of Equities at Northwestern Mutual Wealth Management chats why Nvidia has been unsteady leading up to its latest earnings results, plus what’s to come for the so-called ‘Magnificent 7.’
Walmart's revenue increased last quarter because customers kept coming back again and again. Are most shoppers buying and avoid the same products as you are?
NBA champion Kendrick Perkins and Edly founder Chris Ricciardi discuss working together to create Nilly, a new platform where fans can invest in name, image, and likeness deals of their favorite college athletes.
Off the back of their latest earnings results, Hungryroot CEO Ben McKean discusses how the company is bringing healthy food straight to customers' doors and how it's using A.I.
Jack Ablin, Cresset Capital founding partner and CIO, breaks down the current market, from all eyes on Nvidia’s earnings to what sectors he’s seen deliver excellent returns.
