Google's Waymo Recalled Over 400 Self-Driving Cars After December's Collisions In Phoenix To Deploy OTA Fix, NHTSA Reveals
Portfolio Pulse from Anan Ashraf
Alphabet Inc.'s Waymo recalled 444 self-driving cars after two collisions in Phoenix, deploying an OTA fix. The incidents, involving no injuries, highlighted potential risks in autonomous vehicle technology. Waymo's recall, a first for autonomous vehicles, followed discussions with the NHTSA. The recall and software update were completed by Jan. 12. This event, along with a separate attack on a Waymo car in San Francisco, underscores the challenges facing self-driving vehicle operators.
February 16, 2024 | 6:18 am
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NEGATIVE IMPACT
Alphabet Inc.'s Waymo unit recalled 444 self-driving cars after two collisions, deploying an OTA fix. This incident may raise concerns about the safety and reliability of autonomous vehicle technology.
The recall of Waymo's self-driving cars due to collisions could negatively impact Alphabet Inc.'s stock in the short term. Investors may view this as a setback in the development and deployment of autonomous vehicle technology, potentially affecting confidence in Alphabet's future growth in this area.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Alphabet Inc.'s Waymo unit recalled 444 self-driving cars after two collisions, deploying an OTA fix. This incident may raise concerns about the safety and reliability of autonomous vehicle technology.
The recall of Waymo's self-driving cars due to collisions could negatively impact Alphabet Inc.'s stock in the short term. Investors may view this as a setback in the development and deployment of autonomous vehicle technology, potentially affecting confidence in Alphabet's future growth in this area.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90