Alphabet Subsidiary Waymo Recalls Nearly 700 AVs After One Collides With Pole In Phoenix (Updated)
Portfolio Pulse from Anan Ashraf
Google Waymo, a subsidiary of Alphabet Inc., is recalling 672 self-driving vehicles after one collided with a pole in Phoenix. The issue was identified and fixed with a software update. The recall follows a probe by the NHTSA into Waymo's driving behaviors.
June 13, 2024 | 1:36 pm
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NEGATIVE IMPACT
Google Waymo is recalling 672 self-driving vehicles after a collision with a pole in Phoenix. The issue has been fixed with a software update. This follows a probe by the NHTSA into Waymo's driving behaviors.
The recall and the NHTSA probe into Waymo's driving behaviors could negatively impact investor sentiment in the short term. Although the issue has been fixed, the recall and regulatory scrutiny may raise concerns about the reliability and safety of Waymo's technology.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Google Waymo is recalling 672 self-driving vehicles after a collision with a pole in Phoenix. The issue has been fixed with a software update. This follows a probe by the NHTSA into Waymo's driving behaviors.
The recall and the NHTSA probe into Waymo's driving behaviors could negatively impact investor sentiment in the short term. Although the issue has been fixed, the recall and regulatory scrutiny may raise concerns about the reliability and safety of Waymo's technology.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100