GM's Cruise Eyes Resuming Robotaxi Operations In California After Long Pause Due To Pedestrian Accident In 2023
Portfolio Pulse from Anan Ashraf
GM's autonomous unit, Cruise, plans to resume robotaxi operations in California after a pause due to a pedestrian accident. The company will start with manual mapping and supervised testing of up to five autonomous vehicles. Cruise faced regulatory scrutiny and financial losses following the accident.
September 20, 2024 | 6:38 am
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GM's Cruise is set to resume robotaxi operations in California after a pause due to a pedestrian accident. This move follows regulatory scrutiny and financial losses, with plans for supervised testing of autonomous vehicles.
The resumption of operations indicates progress in overcoming regulatory challenges and could positively impact GM's stock by signaling a return to business and potential future revenue from autonomous vehicles.
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