GM Cruise

Heading into a new trading week, here is a quick roundup of the top five stories from the corporate, economic and cryptocurrency sectors that investors would not want to miss out on from the weekend. 1. Ukraine Urges Peace Talks With Russia: Ukrainian President Volodymyr Zelensky has urged Russia...

General Motors Co (NYSE: GM) CEO Mary Barra has dismissed self-driving subsidiary Cruise’s CEO Dan Ammann due to differences over the focus on the robotaxi unit, Bloomberg News reported, citing people familiar with the events. What Happened: Ammann, who has led the self-driving car unit...

General Motors Co (NYSE: GM) and Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) self-driving subsidiaries Cruise and Waymo on Thursday secured autonomous vehicle permits to offer paid rides to passengers in California. What Happened: The California Department of Motor Vehicles has issued the...

The outgoing Donald Trump administration issued new rules Thursday related to self-driving vehicles in the United States, which would allow such vehicles to be exempted from certain crash standards applicable to traditional vehicles. What Happened: The new rules, which will cut costs, only apply to...

Walmart Inc (NYSE: WMT) said Tuesday it is launching a pilot program with General Motor Company’s (NYSE: GM) self-driving car unit Cruise for contact-less delivery early next year in Scottsdale, Arizona. What Happened: The retail giant’s customers would be able to place an order from...

General Motors Company (NYSE: GM) and subsidiary Cruise LLC are seeking regulatory approval for running a number of self-driving vehicles that have no steering wheels or pedals, the company announced Wednesday. What Happened: The Cruise Origin vehicles will be deployed in the coming months,...

General Motors Company (NYSE: GM) management reinforced bullish theses during its weekend Investor Day, when it previewed 2018 outperformance and guided for 2019 strength. “GM’s unique fundamental position (Pickups + AV + self-help) and the path to our prior $76-134 LT upside potential...

Honda Motor Co Ltd (NYSE: HMC) announced a 5.7-percent stake in and partnership with General Motors Company (NYSE: GM)’s Cruise subsidiary to advance autonomous vehicle development. "This is the logical next step in General Motors and Honda's relationship, given our joint work on...

General Motors Company (NYSE: GM) Cruise has a little extra fuel in the tank. The automaker’s autonomous vehicle division secured a $2.25 billion investment from Japan’s SoftBank Vision Fund to be coupled with an additional $1.1 billion investment by GM, itself, according to a Thursday...

General Motors Company (NYSE: GM) offered a glimpse into its future ambitions which begs the question: Is this a "sell the news" announcement? Morgan Stanley's Adam Jonas may think so. The analyst maintains an Overweight rating on General Motors' stock with an unchanged $43 price target, which...