National Highway Traffic Safety Administration Investigates Safety Concerns in GM's Autonomous Unit Cruise
Portfolio Pulse from Nabaparna Bhattacharya
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into General Motors' (GM) self-driving unit, Cruise, over concerns about pedestrian safety. The NHTSA has logged reports of Cruise autonomous vehicles encroaching on pedestrians and causing injuries. This comes after GM was under scrutiny for a bus collision incident and reports of potentially explosive airbag parts in at least 20 million vehicles. GM shares are trading lower by 0.67% premarket.
October 17, 2023 | 1:17 pm
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GM's self-driving unit, Cruise, is under investigation by the NHTSA over pedestrian safety concerns. This, along with previous incidents, could negatively impact GM's reputation and stock price.
The investigation into GM's Cruise unit by the NHTSA raises concerns about the safety of GM's autonomous vehicles. This, coupled with previous incidents involving a bus collision and potentially explosive airbag parts, could harm GM's reputation and investor confidence, leading to a potential decrease in stock price.
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