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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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...Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive....
...and Serbia 200th day of the Hamas-Israel conflict after Hamas launched an attack on Israel on October 7 last year UK: 100th anniversary of both the first radio broadcast by a British monarch, George V...
...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...
...Other earnings: General Motors, Pfizer, and UPS will report their latest earnings before the market opens. Starbucks, Mondelez, AMD and Match Group will post results after the closing bell....
...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...
...Despite selling just 24,000 cars last year, Vietnam’s VinFast this month soared into the ranks of the world’s most valuable automakers — far surpassing rivals such as Volkswagen, Ford and General Motors,...
...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...
...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...
...Other earnings: Coca-Cola, Verizon, General Electric, RTX, 3M, General Motors, Kimberly-Clark, Spotify and Halliburton will report before the bell....
...GM: General Motors chief executive Mary Barra and chief financial officer Paul Jacobson will deliver a business update to analysts after the company releases new financial materials....
...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...
...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...
...Tesla shareholders were even more carried away, adding $46bn to the EV maker’s market cap — more than General Motors was then worth — when it announced a stock split in August 2020....
...The disastrous accident that has brought a halt to operations at Cruise, the General Motors driverless car division, is the kind of setback that champions of autonomous vehicles have long dreaded....
...VinFast, the newly listed Vietnamese carmaker that was briefly worth more than Volkswagen and General Motors, has lost more than $1.4bn this year, despite increasing shipments of electric vehicles....
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...Last week the electric vehicle maker was briefly valued at more than the combined worth of Ford, General Motors and Volkswagen....
...Its market capitalisation topped $85bn at Wall Street’s closing bell, clearing the individual valuations of Ford, General Motors and Fiat-Chrysler owner Stellantis by at least $27bn....
...VinFast’s annual goal is about an average week’s worth of sales volume for General Motors. The company’s share price jump should not be taken as proof of widespread investor confidence....
...Its market capitalisation topped $85bn, at least $27bn higher than either Ford, General Motors or Fiat Chrysler owner Stellantis....
...Waymo, owned by Google’s parent company Alphabet, and General Motors’ Cruise both want to offer 24-hour taxi services. For now, permissions are limited. Waymo cannot charge for rides....
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