GM Hits Another Speed Bump: Autonomous Van Project Cruise Origin Suspended Amid Safety Concerns
Portfolio Pulse from Anan Ashraf
General Motors Co (NYSE:GM) has decided to suspend the production of its autonomous van, the Origin, due to recent safety concerns. The decision follows a pause on driverless operations across all Cruise fleets. Despite the production halt, several hundred Origin vehicles have already been produced. The company plans to resume production once it is ready to ramp things back up. The Origin is an entirely autonomous vehicle with no manual controls or pedals. GM is working with Honda Motor Co to bring driverless rides to Tokyo in early 2027 with Origin.
November 07, 2023 | 5:45 am
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General Motors has suspended the production of its autonomous van, the Origin, due to safety concerns. This could potentially impact the company's stock in the short term.
The suspension of the Origin's production due to safety concerns could negatively impact investor confidence in General Motors' ability to successfully produce and market autonomous vehicles. This could potentially lead to a decrease in the company's stock price in the short term.
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