GM's Cruise Restarts Self-Driving Tests In Phoenix With Safety Drivers On Board
Portfolio Pulse from Anan Ashraf
GM's Cruise is restarting supervised autonomous driving tests in Phoenix with safety drivers, following a pause due to a pedestrian accident involving one of its robotaxis last year. The tests aim to validate the safety of Cruise's self-driving technology, with plans to expand to other cities. GM reported a reduction in Cruise's expenses and is exploring funding options, including outside investment.
May 14, 2024 | 12:24 pm
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GM's Cruise division is resuming autonomous driving tests in Phoenix with safety drivers, aiming to validate and demonstrate the safety of its technology. This move comes after a pause due to a pedestrian accident. GM is also looking into funding options for Cruise, indicating strategic financial planning for its autonomous driving unit.
Resuming autonomous driving tests with safety drivers in Phoenix represents a positive step towards validating and demonstrating the safety of Cruise's technology, potentially restoring trust among consumers and regulators. The strategic financial planning, including exploring funding options, indicates GM's commitment to Cruise's success and could positively impact investor sentiment. However, the backdrop of a previous accident and the significant expenses associated with Cruise's operations introduce a level of caution.
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