Eleven price gainers and nine price losers drove the Driverless Transportation Weekly Stock Index (D20) to a modest gain this week. It beat the Dow and the S&P 500, which both lost value, by inching up 0.67 points or 0.4 percent to close the week at 183.48.
For the second consecutive week, Renesas Electronics (TSE:6723) was the D20’s percentage price leader. Renesas continues to bask in the glow of completing its acquisition of Intersil. Its share price on the Tokyo Exchange jumped ¥63 to ¥1087 for a gain of 6.2 percent.
General Motors (GM) was the D20’s leading percentage price loser this week, falling $1.40 to close at $36.83 a share.
GM fell even though its Cadillac division announced that its 2017 Cadillac CTS will start to ship with V2V technology as standard equipment. The V2V technology uses DSRC radios to broadcast directly from vehicle to vehicle simple messages that include location, speed, and heading 10 times a second up to 1000 meters.
Waymo, the driverless technology division of Alphabet (GOOG), has continued to pursue its legal options against Otto, the driverless truck division of Uber and Anthony Levandowski, Otto’s founder. Waymo has filed for an injunction that would prohibit Otto and Uber utilizing certain trade secret technologies that it accuses Anthonly Levandowski of taking when he left Waymo to found Otto. A hearing in Federal Court is scheduled for April 27, 2017.