Ford CEO said the company "overestimated" autonomous cars



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The announcement from Hackett comes nearly six months after CEO Sherif Markaby of autonomous vehicles detailed plans for the company's autonomous car service in a mid-size position. The company has invested more than $ 4 billion in technology development until 2023, of which more than a billion in Argo AI, an artificial intelligence company that creates a virtual driver system . Ford is currently testing its autonomous vehicles in Miami, Washington, DC and Detroit.

After years of hype and billions of dollars in investment, other companies admit that expectations for autonomous cars may be too high. Uber had predicted earlier this week that its own fleet of autonomous cars would wait a long time before finally taking the road. Waymo launched its chauffeur-driven taxi service at the end of last year, but did not open it to the general public and did not extend it to a few geo-fenced areas in Phoenix, Arizona.

Even though Hackett came back on his immediate hopes of autonomous vehicles, he made it clear that he believed in the potential of technology. "When we market this product, it will be really powerful," Hackett added.

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