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Otto was established in January 2016, [2] and was one of a new generation of automobile firms venturing into making self-driving vehicles. [3] The company was founded by Anthony Levandowski, who worked on the Google self-driving car project, and Lior Ron, who was a product lead on the Google Maps team.
The Otto car was rated at 35-hp and was premium priced at $2,000, equivalent to $65,400 in 2023. [ 2 ] In 1911 the styles were expanded to include Victorias , Coupes and Limousines with a 286 cubic inches (4.69 L) or a 318 cubic inches (5.21 L) Otto four-cylinder engine, now rated at 38.9-hp.
The Otto Group (Otto GmbH & Co KG) is a German retail company based in Hamburg that operates companies worldwide in the retail, e-commerce, financing, logistics and mail order sectors. [ 2 ] [ 3 ] In 2023, the Group generated sales of €16.2 billion and had around 41,186 employees.
Otto retrofitted big rig trucks with self-driving kits. [29] [30] [31] [28] Levandowski stated he left Google because he, "was eager to commercialize a self-driving vehicle as quickly as possible." [30] Otto was acquired by Uber in late July 2016, at which point Levandowski assumed leadership of Uber's driverless car operation.
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
In car insurance, all-risk policy includes also the damages caused by the own driver. High-value horses may be insured under a bloodstock policy. Bloodstock insurance covers individual horses or a number of horses under common ownership. Coverage is typically for mortality as a result of accident, illness or disease but may extend to include ...
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