Tesla, Ford and VW sound death knell for driverless-car hype

Developing a driverless vehicle has proved "harder than putting a man on the moon", one industry figure has observed. (Image: Getty)

Bloomberg

Sun, 06 Nov 2022

By David Welch and Craig TrudellThe autonomous-driving sector has just endured a day that tech and automotive giants may well look back on in the same way that Wall Street recalls March 16, 2008.Whereas the day Bear Stearns collapsed was an epochal event in the global financial crisis, when flawed assumptions about the value of mortgages pushed banks to the brink – and some over the precipice – Oct 26, 2022, will go down as the date that seismic consequences emerged from years of faulty presumptions about driverless-vehicle technolo...

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