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00:02Automakers are racing to introduce Level 3 Eyes Off, systems that allow drivers to look away
00:07from the road unless prompted to retake control as companies seek to monetize years of autonomy
00:13investment, according to Reuters. Almost all assisted driving systems on the market,
00:17including Tesla's Full Self Driving, are classified as Level 2 and require drivers
00:22to watch the road. Ford Motor plans to launch an Eyes Off system on affordable electric models
00:27in 2028, while General Motors and Honda Motor have also announced plans. Development costs can reach
00:34$1.5 billion for highway use, roughly double those of Level 2 systems, according to McKinsey.
00:40Mercedes-Benz halted its U.S. Level 3 program due to limited demand, and Stellantis shelved its efforts.
00:47Executives and analysts cite cost, liability, and regulatory uncertainty, while Chinese automakers
00:54expand advanced Level 2 features and intensify global competition.
00:57For all things money, visit Benzinga.com.
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