Cruise

CNBC’s Jim Cramer has expressed his support for the initial public offering of Viking Holdings Ltd (NYSE:VIK), despite its high valuation. What Happened: Cramer, on his show “Mad Money” on Thursday, discussed the IPO of Viking, a luxury cruise line, which is the largest IPO of the...

Detroit-based automaker General Motors (NYSE:GM) on Tuesday detailed its plans for the relaunch of its autonomous driving unit Cruise, months after it paused operations owing to the involvement of one of its robotaxis in an accident in San Francisco. What Happened: “We’re very excited...

A mix of quality ship assets and differentiated destinations helps Royal Caribbean Cruises Ltd (NYSE:RCL) drive upside to estimates, according to Mizuho Securities. The Royal Caribbean Cruises Analyst: Ben Chaiken initiated coverage of Royal Caribbean Cruises with a Buy rating and a price target...

General Motors Co‘s (NYSE:GM) autonomous driving unit Cruise is reportedly gearing to resume testing its robotaxis in Phoenix, Arizona. What Happened: Cruise is now preparing to resume testing its robotaxis with safety drivers in Phoenix, reported Bloomberg. The company is expected to make an...

Former Cruise executive Oliver Cameron on Monday commended Tesla Inc and its full self-driving software. What Happened: Cameron was previously employed at General Motors Co‘s autonomous vehicle subsidiary Cruise as Vice President of the product department. However, he quit nearly a year...

Car rental service Hertz Global Holdings Inc (NASDAQ:HTZ) on Friday appointed Gil West as its new CEO. West was formerly chief operating officer at General Motors‘ troubled autonomous driving unit Cruise. What Happened: West will take on his new role at Hertz starting April 1 and replace...

General Motors Co‘s (NYSE:GM) self-driving car unit Cruise is reportedly set to resume testing its robotaxis on public roads in Texas. What Happened: Cruise is planning to restart robotaxi testing in Texas, with safety drivers, in the coming weeks, Bloomberg reported. The potential locations...

Senior Vice President of Autonomous Vehicle Platforms at General Motors Co‘s (NYSE:GM) autonomous driving unit Cruise said on Thursday that he has resigned from the company, to be the latest of the series of executive departures at the company since it suspended operations in the United...

General Motors Co.’s (NYSE:GM) troubled autonomous vehicle subsidiary, Cruise, has appointed former Ford Motor Co. executive Steve Kenner as its new Chief Safety Officer in a bid to reinforce its commitment to safety and accountability. What Happened: Cruise...

General Motors (NYSE:GM) autonomous vehicle division, Cruise, was urged to increase its settlement offer in a California hearing about a severe accident involving one of the company’s autonomous taxis. What Happened: According to a report by Teslarati, a Cruise self-driving...

Detroit-based automaker General Motors Co (NYSE:GM) said on Tuesday that the company will cut expenses by about $1 billion at its self-driving unit Cruise in 2024, while also reiterating hopes for Cruise autonomous vehicles returning to the road soon. Rival EV maker Tesla Inc‘s CEO Elon Musk...

Following General Motors Co.’s (NYSE:GM) better-than-expected fourth-quarter financial results, Wedbush analyst Dan Ives kept an Overweight rating on the stock, noting that he anticipated renewed Street confidence moving forward. What To Know: GM reported fourth-quarter revenue of $43 billion...

General Motors Co (NYSE:GM) shares are trading slightly lower after-hours Thursday. The results of an investigation into the company’s autonomous vehicle unit, Cruise, were released Thursday afternoon. The Details: The results were published in a 105-page report from Quinn Emanuel, the Los...

General Motors Co (NYSE:GM) is reportedly discontinuing its Ultra Cruise system, a successor to its Super Cruise system, to refocus on the older generation of its driver assistance system. What Happened: GM has plans to put a stop to its Ultra Cruise program, CNBC reported,...

Honda Motor Co (NYSE:HMC) CEO Toshihiro Mibe on Tuesday indicated a delay in the deployment of self-driving cars in central Tokyo, previously slated for 2026 in partnership with General Motors Co (NYSE:GM) and its autonomous vehicle unit Cruise. What Happened: Mibe on Tuesday told Bloomberg that...