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...General Motors is to scale back ambitions for its self-driving unit Cruise following a pedestrian injury last month, which led it to suspend testing....
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...The company disclosed it had sold off its remaining position in carmaker General Motors during the three months to the end of September, an investment that was worth roughly $850mn in the previous quarter...
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...Honda already has an alliance with General Motors to use its battery technology, though it did not specify whether this partnership would be affected....
...General Motors’ Cruise faces probes by numerous federal and state authorities, including the Department of Justice and Securities and Exchange Commission, after an accident that led to the shutdown of driverless...
...Its largest holdings included Alphabet, Canadian National Railway, Visa, General Electric and rating agency Moody’s as at the end of September, according to a regulatory filing....
...Autonomous vehicle safety has been in the spotlight since early October, when a robotaxi operated by Cruise, the General Motors driverless car division, collided with a pedestrian and then dragged the person...
...The co-founder and chief executive of General Motors-owned Cruise has resigned, weeks after the self-driving car company paused driverless operations and California regulators barred its vehicles from the...
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...California regulators have barred Cruise’s autonomous vehicles from the state’s roads and accused the company of misrepresenting details about an accident, dealing a sharp setback for the General Motors-owned...
...With Labour holding a big lead in opinion polls over the Conservatives ahead of the general election expected later this year, any change of view by the main opposition party could be problematic for the...
...Meanwhile, 77.2 per cent of F1 fans identify as socially responsible, compared with 44.9 per cent for non-fans and 58 per cent for the general public....
...After winning record pay increases for 146,000 auto workers at Ford, General Motors and Stellantis, the United Auto Workers union is now rolling out a three-year, $40mn campaign to organise workers at 13...
...Last week the electric vehicle maker was briefly valued at more than the combined worth of Ford, General Motors and Volkswagen....
...That was down from 49 12 months earlier, as it exited stakes in companies including General Motors, UPS and Procter & Gamble earlier in the year....
...Earlier this year, former BBC director-general Mark Thompson became chief executive of cable TV news channel CNN, while Emma Tucker was named as editor-in-chief of The Wall Street Journal in December last...
...The UAW has been on strike against Ford, General Motors and Stellantis for two weeks....
...Following a highly publicised accident involving one of its driverless vehicles in San Francisco, General Motors-owned Cruise said on Thursday that the “most important thing for us right now is to take steps...
...The United Auto Workers will expand its strike against Ford and General Motors, while sparing Stellantis from further action, citing progress with the company at the bargaining table....
...General Motors and Tesla have paused some of their EV expansion plans....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...Thursday’s 3-to-1 vote by the agency’s commissioners will allow Waymo and Cruise, which are majority-owned by Alphabet and General Motors, respectively, to operate driverless taxis in San Francisco without...
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