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GM indefinitely delays Cruise Origin autonomous vehicle - TL;DR CNBC

GM indefinitely delays Cruise Origin autonomous vehicle

Publishing timestamp: 2024-07-23 10:30:36


Summary

GM is delaying production of its Origin autonomous vehicle and focusing on using the next-generation Chevrolet Bolt for development of autonomous vehicles. This change is aimed at lowering costs and addressing regulatory uncertainty. Former Cruise CEO criticized GM for not capitalizing on the business opportunity.


Sentiment: MIXED

Tickers: GMMSFTHMCWMT

Keywords: businesshonda motor co ltdmicrosoft corpautosbreaking news: technologytechnologymary barratransportationgeneral motors codetroitsan franciscobreaking news: businesswalmart incbusiness news

Source: https://www.cnbc.com/2024/07/23/gm-cruise-origin-autonomous-vehicle-indefinitely-delayed.html


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