Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Honda Motor Co Ltd said earlier this week it would develop technology, which will allow its Level 3 self-driving solution to operate at any speed below legal limits on highways by the end of this decade.

Level 3 is also known as conditional driving automation. It uses technology allowing drivers to engage in certain activities behind the wheel such as using smartphones or watching movies.

Honda’s Level 3 “Traffic Jam Pilot” system will activate at speeds of under 30 km per hour on highways and will remain operational until speeds of up to 50 km per hour.

“We believe we can help reduce accidents by pursuing level 3 technology, which in essence is about cars that do not crash,” Honda’s engineer Mahito Shikama said in a statement.

The auto maker aims to achieve a zero-fatality rate from traffic accidents that involve its cars and motorcycles internationally by 2050.

Still, the company did not provide a time frame in which it would begin mass production of its Level 3 self-driving vehicles.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Vivendi SA’s mobile unit SFR eyed by three potential buyersVivendi SA’s mobile unit SFR eyed by three potential buyers This week Vivendi SA announced that investment firm Altice, which is currently the largest shareholder of the cable company Numericable Group SA had contacted it in reference to its mobile unit SFR. SFR is considered as the second-largest […]
  • Forex Market: AUD/USD daily forecastForex Market: AUD/USD daily forecast During Friday’s trading session AUD/USD traded within the range of 0.9347-0.9379 and closed at 0.9363.At 9:00 GMT AUD/USD traded at 0.9370, adding 0.07% for the day. The pair touched a daily high at 0.9377 at 7:40 GMT.Fundamental […]
  • Forex Market: NZD/USD daily forecastForex Market: NZD/USD daily forecast During yesterday’s trading session NZD/USD traded within the range of 0.8662-0.8742 and closed at 0.8735.At 8:00 GMT today NZD/USD was gaining 0.34% for the day to trade at 0.8768. The pair touched a daily high at 0.8776 at 6:35 GMT, […]
  • EUR/GBP Holds Narrow Range Amid UK Retail SlowdownEUR/GBP Holds Narrow Range Amid UK Retail Slowdown Key Moments EUR/GBP traded around 0.8650 for a fourth straight day, tracking a weekly decline of 0.25% UK Retail Sales fell 0.4% month-on-month in February, a smaller drop than the -0.8% market consensus Spain's CPI rose […]
  • The vote on Vodafone Wireless deal scheduled for next year by VerizonThe vote on Vodafone Wireless deal scheduled for next year by Verizon Verizon Communications Inc. is an integrated telecommunications company, which is famous for providing wire line voice and data services, as well as wireless services, Internet services, and published directory information. The Federal […]
  • Forex Market: AUD/USD forecast for MondayForex Market: AUD/USD forecast for Monday During Friday’s trading session AUD/USD traded within the range of 0.9289-0.9330 and closed at 0.9310, gaining 0.02% for the day and 0.86% for the week.Fundamental viewAustraliaAt 23:30 GMT on June 1st the Australian Industry Group […]