'Cruise's Driverless-Car Permits Suspended in California by DMV' -Wall Street Journal Report
Portfolio Pulse from Benzinga Newsdesk
The California Department of Motor Vehicles (DMV) has suspended the permits of Cruise, the self-driving car unit of General Motors (GM), according to a Wall Street Journal report. The reason for the suspension was not specified in the report.
October 24, 2023 | 6:00 pm
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The suspension of Cruise's permits by the California DMV could potentially impact GM's plans for the deployment of its self-driving cars.
The suspension of Cruise's permits in California, a key market for self-driving cars, could delay GM's plans for the deployment of its autonomous vehicles. This could potentially impact GM's stock in the short term.
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