By Nick Carey
DETROIT (Reuters) - No. 1 U.S. automaker General Motors Co said on Monday itwould buy Strobe Inc, which uses LIDAR technology to helpself-driving cars identify objects at a distance, to boost itspush into the market for self-driving vehicles.
LIDAR is one of the major sensor technologies used in autonomous vehicles. There is fierce competition between large automakers to bring autonomous, or self-driving, vehicles to market first.
Fully self-driving vehicles are expected to hit the market in a limited form by around 2020. GM and its U.S. rival Ford Motor Co have both publicly stated that they aim to have fully self-driving cars on sale by 2021.
"Strobe's LIDAR technology will significantly improve thecost and capabilities of our vehicles so that we can morequickly accomplish our mission to deploy driverless vehicles atscale," Kyle Vogt, chief executive of GM's Cruise Automation unit, said in a statement.
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GM did not say how much it was paying for Strobe.
Vogt said last week that the unit was making "rapid progress" toward deploying self-driving cars.
(Additional reporting by Arunima Banerjee; Editing by Susan Thomas)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
