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Stephen Scherr - 1 Goldman Sachs - 1 He’ll - 1 Gil West - 1 Hertz - 1 EVs - 1 Tesla - 1 ” - 1
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New - 1 New York CNN - 1 Hertz - 1 Delta Air Lines - 1 General Motors - 1 American - 1 Wedbush Securities - 1 EV - 1

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4 mentions found


☆ Hertz CEO out following electric car ‘horror show’
  + stars: | 2024-03-18 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
New York CNN —Trouble and turmoil continue at rental car company Hertz. But the problem for Hertz wasn’t necessarily that the cars were electric, and customers simply do not want to drive electric cars. There might not be a charging station, or enough time, for a rental car customer to charge an EV, Ives said. These cases sometimes resulted in Hertz customers being arrested and even imprisoned. Scherr wasn’t the one who decided to make the big bet on EV demand by rental car customers.
Persons: Stephen Scherr, Goldman Sachs, He’ll, Gil West, Hertz, EVs, Tesla, ”, Daniel Ives, Ives, ” Ives, Scherr, Mark Fields, Ford, Paul Stone, Stone Organizations: New, New York CNN, Hertz, Delta Air Lines, General Motors, American, Wedbush Securities, EV, Volvo, Avis Budget Group, Tesla, Avis Budget, Enterprise Locations: New York, EVs, Tesla, Polestar
☆ GM's Cruise to focus on cost cuts as it ramps up robotaxis
  + stars: | 2023-03-07 | by ( Abhirup Roy | ) www.reuters.com   time to read: +2 min
Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) last fall announced they would shutter their Argo AI self-driving unit and focus on driver-assistance technology that provided more immediate returns. Cruise's rival and Alphabet Inc's (GOOGL.O) self-driving technology unit, Waymo, has this year laid off over 8% of its workforce. The company is also developing a fully autonomous vehicle called Origin from scratch without a steering wheel and with subway-like doors for rideshare and deliveries. "This is a really pivotal year for us that will really transform not just Cruise but the whole perception of autonomous vehicles." Reporting by Abhirup Roy in San Francisco; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
☆ U.S. opens safety probe into autonomous driving system in GM's Cruise vehicles
  + stars: | 2022-12-16 | by ( David Shepardson | ) www.reuters.com   time to read: +3 min
WASHINGTON, Dec 16 (Reuters) - U.S. auto safety regulators said Friday they have opened a formal safety probe into the autonomous driving system in vehicles produced by General Motors' (GM.N) robotaxi unit Cruise LLC. The National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized." The agency said while both issues "appear to be distinct, they each result in the Cruise vehicles becoming unexpected roadway obstacles." The safety agency's preliminary evaluation covers 242 Cruise autonomous vehicles and is the first step before it could seek a recall. The investigation follows reports of three crashes in which Cruise vehicles were struck from behind by other cars after the autonomous vehicles braked quickly.
☆ Driverless taxis approved in California for the first time – but the rollout will be gradual
  + stars: | 2022-06-03 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +2 min
Autonomous car company Cruise is rolling out driverless taxis in San Francisco. Autonomous car company Cruise is on track to operate driverless taxis in San Francisco after winning California's first driverless deployment permit on Thursday. There has long been a buzz around driverless cars. More than $100 billion has been invested in autonomous vehicle technology since 2010, according to McKinsey. This could be the year that the potential of driverless cars is realised as Cruise joins an exclusive list of companies operating commercially.
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