GM's Cruise Suspends All Driverless Car Operations. It's a Setback.
The auto maker has plans to expand its driverless taxi service across the U.S. and has forecast that Cruise could generate $50 billion in annual sales by 2030.
Cruise Stops All Driverless Taxi Operations in the United States
The move comes just two days after California regulators told the company to take its autonomously driven cars off the road.
Cruise pauses all driverless operations after collisions with pedestrians, permit suspensions in California
The orders of suspension followed a barrage of incidents since Cruise received approval to conduct around-the-clock robotaxi service in San Francisco.
GM's Cruise pauses driverless operations across all fleets
General Motor's Cruise has decided to pause driverless operations across its fleets, the company said on Thursday.
Cruise pauses all driverless robotaxi operations to ‘rebuild public trust'
Cruise said Thursday evening it has paused all driverless operations, a decision that comes just two days after the California Department of Motor Vehicles suspended Cruise's deployment and driverl...
US auto safety agency investigating two new GM Cruise crash reports
U.S. auto safety officials said on Thursday they are investigating two additional reports of General Motors robotaxi unit Cruise self-driving cars engaging in inappropriately hard braking and being...
Best Under-the-Radar Stocks: 3 That AI Predicts Will Soar in Q4
Artificial intelligence ( AI ) applications are improving at a rapid rate. And one of the areas where they are making strides is in predicting the movements of stock prices.
Battery maker warns demand could slow for EVs as GM-Honda partnership falls apart
Global market conditions are contributing to slowed demand for electric vehicles. Automakers, including GM and Honda, have responded by scrapping plans to produce affordable EVs.
GM Stock Has Suffered During Mary Barra's 9 Years as CEO
Shares of the auto giant have fallen 25% since she took over in 2014.
Honda CEO on Relation With GM, China
Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, says Chief Executive Officer Toshihiro Mibe. He spo...
General Motors adopts more cautious EV strategy in face of softening demand
General Motors Company (NYSE:GM) is taking a more measured approach to its electric vehicle strategy than its peers, the auto maker's 3Q results indicated. GM withdrew its production guidance for 1...
California suspends GM Cruise's driverless testing permits
The state of California has suspended driverless testing permits for Cruise LLC's autonomous driving EV after one of its vehicles struck a pedestrian. Cruise is owned by General Motors (GM).
GM and Honda punt on plan to build millions of affordable EVs together
General Motors and long-time partner Honda have ended plans to build millions of affordable and smaller electric vehicles as the automakers come to terms with high interest rates and battery costs ...
GM and Honda abandon plans of building lower cost EVs
General Motors Company (NYSE: GM) says it has decided to exit plans of working with Honda Motor Co Ltd (TYO: 7267) on lower cost electric vehicles for now. Its shares are down another 2.0% at writing.
GM, Honda scrap plans to co-develop 'affordable' sub-$30,000 EVs
The cancellation by GM and Honda is the latest in a growing number of decisions by automakers to scale back or scrap previously announced EV plans.
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