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US automakers aren’t the only ones heavily investing in self-driving technology. Case in point, the French automaker, Renault, is getting in on the game. They have an ambitious plan, and a key part is buying a 40 percent stake in a major European media company. Why? They wish to entertain passengers in driverless cars.
This is a major deal for Renault but also the media company in question: Challenges Group. Challenges Group is a company in Europe that releases a unique weekly economic magazine in addition to 4 science and 4 history journals. Ok so that doesn’t necessarily sound “fun” but if Renault is looking to create a fully integrated commuter experience, that kind of media is probably exactly what they need.
Details on this deal include the fact that Challenge is producing content specifically aimed for usage in autonomous cars. The content would be integrated into Renault’s prospective robot taxi service. Mind you that Renault is not the only company involved. Renault has formed an alliance with Nissan and Mitsubishi. Nissan itself also has similar plans outside of this alliance and is set to test self-driving variants of their signature Leaf electric car in Japan this March 2018.
If it seems like Renault’s investment is a bit of a bold risk, it’s because the company reportedly doesn’t even expect to put their first driverless car on the road for another 5 years. And yet that seems to be par for the course when it comes to the race for self-driving vehicle technology.
Manufacturers across the globe are reportedly spending record amounts on the tech. Most of these companies are still uncertain about the payoff. The lack of regulation also means there’s a lack of clarity regarding these business opportunities. In other words, it’s easy to envision concepts like predictive maintenance or onboard entertainment. However, it is difficult to know how or if they will be profitable.
Self-driving technology still has many hurdles to overcome. Beyond laws and regulations, there’s still the question as to whether or not the public would be willing to adopt this technology. If you go further, there isn’t quite a precedent yet for this sort of concept and the technology actually working. Renault’s move to create unique content for self-driving cars is bold. Stay tuned to find out if it works!
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Alex has worked in the automotive service industry for over 20 years. After graduating from one of the country’s top technical schools, he worked as a technician achieving a Master Technician certification. He also has experience as a service advisor and service manager. Read more about Alex.