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Probe into GM's Cruise finds poor leadership, culture issues at center of accident response - TL;DR CNBC

Probe into GM's Cruise finds poor leadership, culture issues at center of accident response

Publishing timestamp: 2024-01-25 19:48:00


Summary

The article discusses the findings of a third-party probe into culture issues, ineptitude, and poor leadership at General Motors' Cruise autonomous vehicle unit. The probe was conducted following an accident involving a pedestrian in October. The report found that there were regulatory oversights and concerns of a coverup within the company. While the report did not establish intent to deceive or mislead regulators, it pointed to widespread issues with company culture. Cruise remains under investigation by several entities, including the U.S. Department of Justice and the U.S. Securities and Exchange Commission. The company's robotaxi fleet has been grounded, and there have been leadership changes and layoffs. Cruise has accepted the conclusions of the report and is cooperating with investigations.


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Tickers: GMGOOGLTSLA

Keywords: business newsgeneral motors cotesla incdriverless carssan franciscotechnologyautosmary barraalphabet incbreaking news: businesstransportationbusinessbreaking news: technologyunited states

Source: https://www.cnbc.com/2024/01/25/gm-cruise-probe-finds-poor-leadership-at-center-of-incident-response.html


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