In One Chart: GM’s driverless cars unit is closing in on Google’s Waymo in one important way

Waymo LLC, the driverless-car unit of Alphabet Inc., is still the leader in autonomous miles driven in California, but General Motors Co. unit Cruise is closing the distance.

“GM Cruise clearly has made the MOST progress after essentially being nowhere in the statistics in 2016,” analysts at Evercore ISI said in a note Friday based on a recent California DMV report out earlier this week. “Waymo showed less statistical progress than some autonomous bulls would hope.”

Here’s the chart showing how GM’s GM, -3.37% Cruise and Alphabet’s GOOG, -4.78% Waymo stack up:

Waymo remained the leader in total autonomous-driven miles in California, even as the company also expanded its testing grounds to Phoenix, Ariz.

>>> Original Source <<<