Cruise

General Motors Co‘s (NYSE:GM) autonomous driving unit, Cruise, has reportedly proposed a $75,000 settlement to address an ongoing investigation related to an accident involving one of its autonomous vehicles in San Francisco. What Happened: In December, an administrative...

General Motors Co (NYSE:GM) has lodged a lawsuit against the city of San Francisco, seeking a refund of $121 million for overpaid taxes and penalties. What Happened: GM alleges it was charged higher tax by factoring in its autonomous vehicle subsidiary, Cruise, into the tax assessments, Reuters...

General Motor (NYSE: GM’s self-driving unit Cruise announced on Thursday it was laying off 900 workers — nearly a quarter of its entire workforce. The move comes directly after reports that after Cruise axed several of its top executives. The signs were building over recent weeks following...

General Motors Co’ (NYSE:GM) Cruise robotaxi division has reportedly terminated nine staff members, including its Chief Operating Officer Gil West, amid a safety investigation. What Happened: The dismissals are connected to a safety probe that was initiated following an incident in San...

General Motors Co‘s (NYSE:GM) self-driving unit Cruise might be fined and faced with other sanctions over alleged failure to disclose details of the pedestrian injury incident a Cruise autonomous vehicle was involved in on Oct. 2. What Happened: California Public Utilities Commission ...

General Motors Co (NYSE:GM) has reportedly decided to rein in funding for its self-driving unit Cruise in the wake of a pedestrian injury incident last month that led to a halt in both autonomous and manual operations. What Happened: GM will spend less on the unit in the future and is expected to...

Ark Invest analyst Tasha Keeney on Tuesday noted that General Motors Co‘s (NYSE:GM) autonomous driving unit Cruise took way more risks than its competitors like Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Waymo or Tesla Inc’s (NASDAQ:TSLA) full self-driving (FSD), despite the...

General Motors Co‘s (NYSE:GM) autonomous vehicle subsidiary Cruise is eyeing re-launching in a city weeks after the company paused its operations across the U.S. What Happened: "Once we have taken steps to improve our safety culture and rebuild trust, our strategy is to re-launch in one city and...

Cruise co-founder and chief product officer Dan Kan has stepped down from General Motors Co‘s (NYSE:GM) autonomous driving subsidiary on the heels of former CEO Kyle Vogt. What Happened: Reuters first reported that Kan had stepped down citing a Slack message seen by the news agency. A Cruise...

Cruise CEO Kyle Vogt on Sunday said that he has resigned from his position as CEO of the General Motors Co (NYSE:GM) self-driving unit, after the recent safety concerns around the autonomous vehicle operator and subsequent withdrawal from U.S. roads. What Happened: "Today I resigned from my...

General Motors Co‘s (NYSE:GM) autonomous vehicle subsidiary Cruise is reportedly continuing to test its vehicles on public roads in Dubai and Japan despite being deemed unsafe in the U.S. What Happened: A “small pilot” of vehicles continue to be tested overseas, Reuters reported, citing...

Alphabet Inc‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) autonomous driving technology unit, Waymo, has been at the receiving end of increased skepticism after its rival Cruise‘s recent involvement in an accident. Waymo has been responding to criticisms and striving to set itself apart from its troubled...

Several unions and labor groups on Thursday wrote to the U.S. Department of Transportation and the National Highway Traffic Safety Administration (NHTSA) pressing for open investigations into automated vehicle operators including Waymo, Zoox and Beep. The call comes on the heels of NHTSA’s...

General Motors Co‘s (NYSE:GM) autonomous vehicle subsidiary, Cruise, has issued a recall for a subsystem within 950 of its automated driving systems after identifying its role in a recent accident involving a Cruise AV. What Happened: Following a collision, Cruise AVs are designed to either pull...

Cruise parent General Motors Co (NYSE:GM) has reportedly decided to suspend the production of its autonomous van called the Origin in light of recent safety concerns and subsequent pause on driverless operations across all Cruise fleets. What Happened: Cruise CEO Kyle Vogt held a meeting on Monday...