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Ford expands hands-free driving systems

Yahoo Finance Live’s Brad Smith discusses Ford expanding its hands-free driving systems.

Video Transcript

- Ford making its hands free highway driving system available on more vehicles, including the entry level Corsair Crossover. Starting at about $40,000, it's going to be the lowest priced vehicle made by Ford to offer the technology, branded Active Glide for Lincoln and BlueCruise for Ford. Now, this is a significant way forward in terms of the battle for some of the hands free driving systems or autopilot systems. We should note that it's not fully autonomous, and some of the auto manufacturers are kind of stepping back off of that given the tests that consumers have taken into their own hands or not into their own hands, we should say, that have been a little bit alarming to this point as well.

- Yeah, not into their own hands, I like that, and actually, I don't like that. The whole industry here, so this is amazing technology. It's not perfected just yet. We know this.

Elon Musk was tweeting over the weekend in terms of the latest update for Tesla's self-driving system, that it's geared down for pedestrians. In other words, safety is ratcheted up around people. That's what you want to hear. But I think, long term, we're going to see tremendous cost cutting savings, because this is going to lower insurance costs. Insurance companies are going to get behind this when it's, finally, proven that it's safer, safer than actual driving, but years, years away from that, I would probably caution.