Shares of General Motors Co jumped to $47.82 on Tuesday – a 6.2 percent increase after the automaker giant unveiled a futuristic flying Cadillac — a self-driving car which takes off and lands vertically and carries the passenger above the streets and through the air.
Mary Barra, the Chief Executive Officer of General Motors, presented the video of the single passenger flying Cadillac as part of a virtual keynote during CES technology conference.
The vertical take-off and landing (VTOL) drone can travel from urban rooftop to urban rooftop at speeds up to 55 miles per hour, according to the report.
It is fully autonomous and all-electric, with a 90kW motor, a GM Ultium battery pack and an ultra-lightweight body with four pairs of rotors.
The concepts in the CES video were introduced by GM design chief Mike Simcoe. He described the VTOL as “the Cadillac of urban air mobility”.
“VTOL is key to GM’s vision for a multimodal future,” he said.
The autonomous Cadillac shuttle, described in the video as “arriving soon,” features a boxy silhouette that recalls the Cruise Origin, also designed by Simcoe’s team. It features fore and aft sliding doors and a panoramic glass roof.
The cabin has wraparound lounge-like seating, plus biometric sensors, voice control and hand gesture recognition.
Check out the video
— Mazech (@Mazech) January 14, 2021
Last year, Amazon-owned startup, Zoox, unveiled a self-driving vehicle and the company said it will soon start offering rides to passengers.
The robotaxi features four-wheel-steering and can be driven in either direction at speeds up to 75 mph, according to the manufacturer. The autonomous car is equipped with a 133-kwh-battery pack that the company says can provide up to 16 hours of continual operation between charges. Watch the video here