Autonomous Truck Company Torc Robotics Aims To Scale

In 2022, Torc Robotics – a provider of autonomous trucks for the middle mile - and Daimler Truck, who is the majority owner of Torc, heldfor journalists and financial analysts at a Torc facility in Albuquerque. At the time, some of Torc’s competitors were claiming that they would have fully autonomous trucks on the road as soon as 2023. Not Torc, their then CEO said it would be 2027 by the earliest.

In 2027, Torc/Daimler executives told the participants at the Albuquerque event that they were a conservative, German-owned company and the last thing they wanted to do was overpromise. Now, the CEO of Torc, Peter Schmidt, told me that the 2027 launch date looks valid. Mr. Schmidt said “What's good enough for a car on a highway isn't good enough for a truck.” There have been advances in many areas. “You have sensors with enough range.

However, Mr. Schmidt’s larger point was that getting a handful of AV trucks on the road was not good enough. The real question was how soon you could release autonomous trucks at scale. The 2027 date Torc is shooting for is a date they can believe they can also put trucks on the road at scale. To do this, the trucks don’t just have to be safe and reliable; they must be cost-efficient and easy to buy and service at dealerships.

Further, this lane includes San Antonio and Austin as potential destinations. “And just on that line,” Mr. Schmidt points out, you have 14,000 trucks moving northbound or southbound daily.” Thus, Torc can optimize its simultaneous location and mapping software to be highly reliable on this lane and, over time, develop high-quality navigation from lanes radiating out of San Antonio, Austin, or Dallas.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Major Ohio-based company stocks rebound, Cleveland company had top growth last weekFour major companies in the Greater Cleveland area experienced stock gains of at least 2.5% last week.
Source: clevelanddotcom - 🏆 301. / 63 Read more »

Central Pa. company’s internal technology division is now a separate companyThe company provides software solutions to assist businesses.
Source: PennLive - 🏆 463. / 53 Read more »

7-Eleven's parent company rejects takeover proposal, says offer ‘grossly undervalues' companyEven if the offer was raised “very significantly,” Seven & i said the bid does not consider the “multiple and significant…
Source: NBCNewYork - 🏆 270. / 63 Read more »

7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ companySeven & i Holdings has rejected a takeover offer from Canadian convenience store operator Alimentation Couche-Tard, saying it “is not in the best interest” of its shareholders and stakeholders.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »