GM 'Working Hard' To Resume Driverless Cruise Vehicles By End Of Year, Says CEO Mary Barra: 'We Want To Make Sure We're Investing In Autonomy As Efficiently As Possible'
Portfolio Pulse from Anan Ashraf
General Motors (GM) aims to resume driverless operations of its Cruise vehicles by the end of the year, following a suspension due to a regulatory issue. CEO Mary Barra emphasized the focus on safety and efficient investment in autonomy. GM's Cruise unit reported a reduced operating loss and is shifting focus to the Chevrolet Bolt for autonomous operations.
October 23, 2024 | 7:47 am
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GM is working to resume driverless operations of its Cruise vehicles by year-end, focusing on safety and efficient investment. The company reported a reduced operating loss for Cruise and is shifting focus to the Chevrolet Bolt for autonomous operations.
The news indicates GM's commitment to resuming its autonomous vehicle operations, which is a positive development for the company. The reduced operating loss and strategic shift to the Chevrolet Bolt suggest improved financial management and potential cost savings. These factors are likely to positively impact GM's stock in the short term.
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