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Added on the 03/06/2016 12:15:42 - Copyright : Auto Moto EN
Nanjing subway station revealed its automated guided vehicle (AGV) robotic parking garage, which significantly reduces the time and space needed to park a car. Drivers simply need to book a space using a mobile phone application, leave their vehicle at the entrance of the garage, where a lifter delivers the car underground and a robotic roller transports the car to the parking space. Parking time is between two to three minutes and the design uses up to 40 percent less space than the average lot. The recently completed system, which is currently in its final test phase, is expected to be put into operation following the Chinese New Year.
General Motors gained as much as 8.9% to a record high on Tuesday. The gain comes on news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from Microsoft. Microsoft joins a number of companies in a $2 billion funding round for Cruise. Tuesday's price is a record-high for GM since it emerged from bankruptcy at the end of the Great Recession. The partnership will accelerate the commercialization of self-driving vehicles. It brings together the two companies' software and hardware engineering expertise, cloud computing capabilities, and manufacturing knowledge.
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