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Self-driving cars could massively increase GM's revenue if it gets them on the road by 2019 (GM)

A self-driving car in a ride-hailing or ride-sharing fleet could bring in more money than a vehicle that's sold or leased.
  • GM told investors on Thursday that it could bring fleets of self-driving cars to market by 2019.
  • The carmaker will generate far more revenue with this business framework.
  • GM shares have rallied this year as the company has tempted investors with its plans for the future.

General Motors is going big with self-driving cars in San Francisco this week. The largest US automaker showed its autonomous Chevy Bolt electric cars to the media and on Thursday, the carmaker's executive laid out a plan for more electric and autonomous vehicles.

According to GM President Dan Ammann, if GM can continue to evolve the fleet-based self-driving technology it has developed since its 2016 acquisition of Cruise Automation, waves of autonomous GM vehicles could appear on US city streets by 2019.

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