IAA Motor Show Unveils New Automatic Valet System

The booth of Chinese carmaker Great Wall Motors (GWM) is seen during a press preview at the International Motor Show (IAA), in Munich, Germany, Sept. 6, 2021. (AFP)
The booth of Chinese carmaker Great Wall Motors (GWM) is seen during a press preview at the International Motor Show (IAA), in Munich, Germany, Sept. 6, 2021. (AFP)
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IAA Motor Show Unveils New Automatic Valet System

The booth of Chinese carmaker Great Wall Motors (GWM) is seen during a press preview at the International Motor Show (IAA), in Munich, Germany, Sept. 6, 2021. (AFP)
The booth of Chinese carmaker Great Wall Motors (GWM) is seen during a press preview at the International Motor Show (IAA), in Munich, Germany, Sept. 6, 2021. (AFP)

Struggling to find a place to park your car? Not anymore! Your car will soon be able to automatically park itself in any parking lot thanks to a new system unveiled at the Munich Motor Show. According to its developers, the system is "ready" to be deployed.

"This step does not require the driver intervention anymore," said Robert Exler, responsible for the "automatic valet" system at Bosch, according to AFP.

There is no need to wait for self-driving cars to become ubiquitous to use this system that consists of cameras and sensors that direct the car and helps it avoid obstacles.

The new technique was demonstrated during the IAA Motor Show in Munich. Other demonstrations featured cars from several brands such as Mercedes, Ford, and Audi that stopped to allow pedestrians to pass, or to avoid a can in one of the show's parking lots.

The cameras within the lot present "an external view on the exterior of the vehicle to see if any hazards are approaching," explained Exler.

Bosch started the development of the new system in 2015. It relies on a connection that links the cameras with the remotely controlled vehicle to accelerate or decelerate its speed or to move it back without the driver's intervention.



Getty Images and Shutterstock to Merge, Forming $3.7 billion Stock Image Giant

Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
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Getty Images and Shutterstock to Merge, Forming $3.7 billion Stock Image Giant

Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo

Getty Images said on Tuesday it will merge with rival Shutterstock to create a $3.7 billion stock image powerhouse in a deal that would help the companies navigate the AI era, but likely attract antitrust scrutiny.

Shutterstock's shares were up 9.9% in premarket trading, while shares of Getty Images were up 18.7%, according to Reuters.

The combined company will be named Getty Images Holdings Inc and will continue to trade on the New York Stock Exchange under the ticker symbol "GETY".

At close, Getty Images' CEO, Craig Peters, will serve as CEO of the combined company.

Getty competes with Reuters and the Associated Press in providing photos and videos for editorial use.