Cruise To Halt Driverless Operations Across Austin, Phoenix And Houston After San Francisco Permit Suspension
Portfolio Pulse from Anan Ashraf
General Motors' autonomous vehicle subsidiary, Cruise, has announced a pause in its driverless operations across all fleets to reassess its processes, systems, and tools. This follows a suspension of its operations in San Francisco due to a directive from the California Department of Motor Vehicles citing 'unreasonable risk' to public safety. The company aims to rebuild public trust and will continue supervised autonomous vehicle operations.

October 27, 2023 | 3:09 am
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General Motors' subsidiary Cruise suspends driverless operations to reassess safety measures. This could potentially delay the company's progress in the autonomous vehicle market.
The suspension of Cruise's operations could potentially delay General Motors' progress in the autonomous vehicle market. This could negatively impact investor sentiment and the company's stock price in the short term.
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