California sidelines GM Cruise's driverless cars, cites safety risk
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General Motors (GM) California DMV puts the brakes on GM's Cruise driverless cars over safety risk
October 25, 2023 11:12 AM EDTCalifornia issued an order to General Motors' (NYSE: GM) Cruise division Tuesday, demanding the removal of its autonomous vehicles from state roads.
The state referred to the vehicles as a potential threat to public safety and accused the company of misrepresenting information about the technology's safety.
The Department of Motor Vehicles (DMV) in California declared the suspension of Cruise's permit for autonomous vehicle deployment and driverless testing, effectively halting the company's testing of the vehicles without safety... More
GM and Honda (HMC) cancel plans to co-develop affordable EVs
October 25, 2023 8:08 AM EDTHonda Motor (NYSE: HMC) and General Motors (NYSE: GM) announced Wednesday the cancellation of their collaborative efforts to produce budget-friendly electric vehicles (EVs), as confirmed by the Japanese company. This development comes a year after their initial agreement to join forces in an attempt to surpass Tesla (NASDAQ: TSLA) in... More
