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Search resuls for: "Cruise Automation"


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"This orderly pause is a further step to rebuild public trust while we undergo a full safety review," Cruise wrote in a blog post. Last week, Cruise announced it would recall 950 robotaxis after a pedestrian collision. In October, the California Department of Motor Vehicles suspended Cruise's deployment and testing permits for its autonomous vehicles, effective immediately. "When there is an unreasonable risk to public safety, the DMV can immediately suspend or revoke permits," the California DMV said in a statement at the time. Last Thursday, Cruise announced a round of contractor layoffs.
Persons: Kyle Vogt, Cruise, Craig Glidden, Glidden, Organizations: Cruise Automation Inc, Southwest, General Motors, California Department of Motor Vehicles, California DMV, Federal, GM, CNBC Locations: Austin , Texas, San Francisco, California, Unifi
Cruise announced a round of layoffs Thursday affecting contract workers who worked on its driverless ridehailing service, CNBC has learned. This week, Cruise announced it would recall 950 robotaxis after a pedestrian collision. In GM's third-quarter earnings update, the company said it had lost roughly $1.9 billion on Cruise through September of this year. The DMV suspension came a week after federal auto safety regulators announced they were investigating Cruise following pedestrian injuries. The probe, spearheaded by the National Highway Traffic Safety Administration, was prompted by multiple reports involving pedestrian injuries and Cruise vehicles in recent months, and it concerns an estimated 594 self-driving Cruise vehicles, according to the filing.
Persons: Kyle Vogt, Cruise Organizations: Cruise Automation Inc, Southwest, CNBC, Cruise, General Motors, California Department of Motor Vehicles, California DMV, DMV, National, Traffic Safety Administration Locations: Austin , Texas, San Francisco, California
CNN —A pedestrian in downtown San Francisco was found critically injured and trapped underneath a driverless car Monday night. San Francisco Fire Department spokesperson Justin Schorr told CNN early Tuesday that the victim has multiple life-threatening injuries. The driverless vehicle was operated by Cruise, a San Francisco-based self-driving car company and subsidiary of General Motors (GM). Controversial driverless carsCruise has been the subject of controversy in San Francisco after California regulators last month approved robotaxi companies to operate their driverless cars 24/7 throughout the city. But advocates say driverless cars remain safer than human-operated vehicles.
Persons: it’s, Justin Schorr, , Navideh, ” Forghani, Schorr, ” Schorr, Elon Musk Organizations: CNN, Francisco Fire, Cruise, General Motors, San, San Francisco General Hospital, Fire Department, San Francisco Police Department, Cruise Automation Locations: San Francisco, California
"For most of our history, profitable wasn't the first thing that came up when you asked someone about Uber," Khosrowshahi said on Uber's second-quarter conference call Aug. 1. The $1 a ride alone can add up to $4,000 to a driver's annual revenue, the company says. All of them will compete for customers on Uber's platform much as hotels search for business on Expedia.com – a business once run by Khosrowshahi. Indeed, one threat to Uber's current status as a market darling is if AV makers, especially Tesla, decide to compete with Uber directly for riders, Zino said. Khosrowshahi told Sellers that 10-20% of Uber drivers may soon be robots, but said he still thinks more people will be driving for Uber than there are today.
Persons: Angelo Zino, Uber, Savannah, Khosrowshahi, Dara Khosrowshahi, Zino, Scott Devitt, Morgan Stanley's Brian Nowak, undercharging, They've, Devitt, , Hertz, That's, Tracy Lynn Young, Tesla, they've, Cruise, AVs, Sellers Organizations: GM, General Motors, Ideas, Uber Technologies, Aurora, Wedbush Securities, Hyundai, Tesla, EVgo, EVs, TrueCar.com, Uber, CNBC, Hertz, Waymo, Cruise, Khosrowshahi Locations: California, San Francisco, Pittsburgh, Hyundai Kona, London, U.S, North America, Atlanta
CNN —California authorities have asked General Motors to “immediately” take some of its Cruse robotaxis off the road after autonomous vehicles were involved in two collisions – including one with an active fire truck – last week in San Francisco. The California DMV said that Cruise has agreed to the request, and a spokesperson from Cruise told CNN that the company is investigating the firetruck crash as well. General Motors acquired Cruise Automation in 2016 for $1 billion, solidifying its place in the autonomous vehicles race, but many companies have since scaled back, or abandoned their driverless car ambitions. Ridesharing giants Uber and Lyft have both sold autonomous vehicle units in recent years. Even Tesla CEO Elon Musk, who has been optimistic about autonomous vehicle technology, has yet to fully deliver on his promise.
Persons: Motors, Cruse, , Cruise, Waymo, San Francisco, , ” Hannah Lindow, Elon Musk Organizations: CNN, California’s Department of Motor Vehicles, Cruise, General Motors, California DMV, San, AV, Cruise Automation Locations: California, , San Francisco
Cruise Automation CEO on Origin, vehicle affordability
  + stars: | 2022-09-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCruise Automation CEO on Origin, vehicle affordabilityCNBC's Jim Cramer spoke with Cruise Automation CEO Kyle Vogt on Monday's episode of "Mad Money."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Jim Cramer's full interview with Cruise Automation CEO Kyle VogtThe "Mad Money" host interviewed Cruise Automation CEO Kyle Vogt on Monday's episode of the show.
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