Don’t get your hopes up for driverless cars In the near future, say safety executives at Toyota Motor Corp (ADR) (NYSE:TM) (TYO:7203). Toyota would have collision-prevention technology by 2017 While discussing upcoming safety releases, the automotive manufacturer was quoted in an Associated Press report as saying they would have collision-prevention technology installed in its U.S. offering by 2017. The safety packages will be available on both mainstream and luxury vehicles alike. Dashing the daydreams of automated car enthusiasts, Toyota said in a press briefing Thursday the auto industry is more than a decade away from selling cars that drive themselves. …
Toyota Puts Breaks On "Driverless" Car Idea
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.