BREAKING NEWS

Daimler CEO says robotaxis business is not realistic

Daimler CEO says robotaxis business is not realistic
FILE PHOTO: Incoming Daimler AG CEO Ola Kaellenius is seen at the Daimler annual shareholder meeting in Berlin, Germany, May 22, 2019. REUTERS/Hannibal Hanschke -
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HANNIBAL HANSCHKE(Reuters)
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FRANKFURT (Reuters) – Daimler <DAIGn.DE> has recalibrated its expectations about the potential business model from operating fleets of self-driving cars, Chief Executive Ola Kaellenius said on Thursday.

The task of developing cars which are capable of navigating traffic in urban areas without any driver input, has proven to be more challenging than Daimler’s engineers had expected, Kaellenius said.

“There has been a reality check setting in here,” Kaellenius told investors at the company’s investor day in London. The technology will more likely be applied in trucks, helping freight companies on long haul highway routes, he said.

(Reporting by Edward Taylor, editing by Riham Alkousaa)

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