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GM's Cruise is recalling 950 robotaxis after pedestrian collision - TL;DR CNBC

GM's Cruise is recalling 950 robotaxis after pedestrian collision

Publishing timestamp: 2023-11-08 11:13:05


Summary

Cruise, the autonomous vehicle venture owned by General Motors, has issued a recall for 950 of its robotaxis following a pedestrian collision in San Francisco. The company has lost $1.9 billion on Cruise between January and September this year, including $732 million in the third quarter alone. The collision led to the company losing its permits to operate driverless vehicles in California without a human safety driver on board. Cruise has identified defects in its automated driving system software and is conducting a search to hire a chief safety officer. The company has also temporarily suspended production of its Cruise Origin driverless vans.


Sentiment: NEGATIVE

Tickers: TSLA,  GM,  GOOGL, 

Keywords: autos,  business news,  general motors co,  tesla inc,  technology, 

Source: https://www.cnbc.com/2023/11/08/gm-owned-cruise-is-recalling-950-robotaxis-after-pedestrian-collision.html


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