US To Soon Decide On GM's Request For Autonomous Vehicle Deployment: Report
Portfolio Pulse from Shivani Kumaresan
General Motors Co (GM) has filed a petition through its self-driving technology unit, Cruise, to the U.S. regulators for the deployment of 2,500 self-driving vehicles without human controls. The petition seeks approval for vehicles without mirrors, steering wheels, turn signals, or windshield wipers. The decision from the regulators is expected in the coming weeks.
July 13, 2023 | 9:42 am
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GM's petition for deploying self-driving vehicles without human controls could potentially revolutionize the autonomous vehicle industry. A positive decision could boost GM's stock.
The approval of GM's petition could potentially open a new market for the company, leading to increased revenues and a potential boost in the stock price. However, the decision is yet to be made and the impact on the stock price will depend on the outcome.
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