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CNN —In 1976, gunmen stormed a school bus carrying 26 children – ages 5 to 14 – and their bus driver in Chowchilla, California. The Dairyland Union School District bus carrying 26 children and their bus driver was found empty and abandoned in July 1976. The kidnappers ordered the children and their bus driver into a moving van hidden underground. Bus driver Edward Ray speaks to reporters in 1976. “Chowchilla children are heroes,” she said in the CNN Film.
Persons: , , didn’t, – pantyhose, , Larry Park, Jodi Heffington, Jennifer Brown Hyde, van, ” Lynda Carrejo Labendeira, Edward Ray, ” Brown Hyde, Michael Marshall, Marshall, Hostages, Jim Palmer, AP Ray, , , Mike Marshall, CNN “, LeRoy, Tatum, ’ ” Marshall, Ray, Ed Ray, ” Chowchilla, Ed Ray Day ”, Skip Shuman, Edward, Mike, Marshall “, Lenore C, ” ‘, ” Andrea, CNN Films ’ “, Park’s, “ Andrea, abductors, Frederick Newhall Woods, James Schoenfeld, Richard Schoenfeld, James, Fred Woods, Joe Rosenthal, who’d, Terr, Andrea, ‘ I’ve, Jodi Heffington Medrano, Heffington Medrano, Matthew Medrano, I’ve, William Newsom, California’s, Newsom, ” Carrejo Labendeira, “ Jodi, Carrejo Labendeira, “ ‘ Lynda, it’s, ’ ”, Heffington, couldn’t, Dominique Banos, “ Mr, Woods, Banos, ” Marshall Organizations: CNN, Dairyland, Dairyland Union School District, UPI, Workers, Fresno Bee, Tribune, Service, AP, Bus, Sacramento Bee, Marshall, CNN Films, California Gold Rush, San Francisco Chronicle, Larry Park CNN, James Schoenfeld California Department of Corrections, Mike Marshall CNN, Locations: Chowchilla , California, Livermore, Chowchilla, “ Chowchilla, Sacramento, Woods
GM cuts spending on Cruise self-driving cars
  + stars: | 2023-11-29 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +2 min
CNN —General Motors announced Wednesday that it’s cutting spending at its self-driving car unit, Cruise. GM had previously announced it intends to cut back Cruise’s operations once the company restarts testing and ride hailing services. The Cruise vehicle then pulled forward, dragging the person along pavement for 20 feet. Following the suspension, Cruise announced it was pausing its public operations throughout the US and, last week, Cruise chief executive Kyle Vogt resigned. The reduction in spending relates to the broad reigning in of production and operations for Cruise.
Persons: Mary Barra, Cruise, Kyle Vogt, Dan Kan, Barra Organizations: CNN — General Motors, GM, California Department of Motor Vehicles, Cruise, Reuters Locations: United States, San Francisco
Officials encouraged people to switch to public transit to alleviate bad traffic from road closures. For native Angelenos and the millions of visitors who've traveled to the area, Los Angeles car culture is simply a way of life. According to The Los Angeles Times, the Los Angeles County Metropolitan Transportation Authority saw a 10% bump in ridership on the E Line light rail train that runs through downtown Los Angeles on the first two workdays after the incident. While it's too early to know if public transit ridership will be up in November, a reimagined vision of traversing Los Angeles has long been overdue. The transit system simply isn't woven into the fabric of Los Angeles compared to cities like New York and Chicago.
Persons: , who've, Los Angeles Mayor Karen Bass, it's, Damian Dovarganes Organizations: Service, Los Angeles Mayor, Los Angeles Times, Los, Los Angeles County Metropolitan Transportation Authority, Metro Transit Authority, TAP, California Department of Transportation, Caltrans, Wall Street, LA Transit, AP, LA Metro Rail Locations: LA, Los Angeles, California, Angelenos, Los Angeles County, Santa Monica, Inglewood, Angeles, New York, Chicago, Santa, Southern California
GM’s Driverless Taxis Need to Slow Down
  + stars: | 2023-11-21 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
A Cruise autonomous taxi in San Francisco, California, earlier this year. Photo: David Paul Morris/Bloomberg NewsStep on the accelerator with driverless vehicles and you scare off regulators and the public, but hit the brakes and you lose financial backers. It won’t be an easy balance for Cruise to strike as it looks for a route out of today’s crisis. The autonomous-taxi venture 80%-owned by General Motors has lost both its co-founders since Sunday, including Chief Executive Officer Kyle Vogt . The resignations, which capped a tumultuous few weeks since the suspension of Cruise’s autonomous-driving permit by the California Department of Motor Vehicles, might make it easier to convince regulators that the business can make a fresh start.
Persons: David Paul Morris, Cruise, Kyle Vogt Organizations: Bloomberg, General Motors, California Department of Motor Vehicles Locations: San Francisco , California
Tesla Insurance, launched in 2019 by the electric-car company, has promised policyholders “vastly better” service than rivals, as Tesla chief Elon Musk put it in April 2022. “What do they have, three people answering phone calls?”Complaints about Tesla Insurance are drawing scrutiny from state regulators and the plaintiffs’ bar. And there’s no way to know exactly how many have been made against Tesla Insurance and how its record compares with competitors’. That fall, Tesla launched InsureMyTesla, a new insurance offering for U.S. Tesla owners, in partnership with Liberty Mutual Insurance Co. Lester F. Aponte, a Los Angeles attorney who signed up for Tesla Insurance in August, described a maddening ordeal to obtain proof of insurance.
Persons: Mark Bova, lurched, “ I’m, ” Bova, policyholders “, Elon Musk, Musk, Bova, he’s, Tesla, , Musk’s, Virginia –, Phil Fioresi, Tesla’s adjusters, adjusters, ” Zachary Kirkhorn, ” Kirkhorn, Teslas, InsureMyTesla, it’s, It’s, Chanda Santiago, ” Santiago, Lester F, Aponte, haven't, Understaffed, , , Policyholders, Jonathan Garcia, Garcia, adjuster, Scott Sawyer, Sawyer, Lauren Lee Sawyer, ” Sawyer, , Steve Stecklow, Koh Gui Qing, Norihiko, Mike Scarcella, John Emerson, Brian Thevenot Organizations: Green, U.S . Army Special Forces, Tesla Insurance, Tesla, Reuters, Bureau, Twitter, U.S, SpaceX, Ohio Department of Insurance, California Department of Insurance, Data, AAA, The Auto Club Group, Liberty Mutual Insurance Co, Liberty Mutual, Markel, National Insurance Company, State National, State, Facebook, Better, policyholders, Better Business Bureau Locations: Maryland, That’s, California , Utah , Illinois, Virginia, South San Francisco , California, California, Draper , Utah, Texas, policyholders, InsureMyTesla, U.S, Illinois, Colorado, Ohio, Florida , Georgia, Washington, Santiago, Los Angeles, Draper, North Carolina, Riverside , California
Cruise CEO Kyle Vogt resigned on Sunday, a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet. Cruise pulled all of its vehicles from U.S. testing after an Oct. 2 accident in San Francisco that involved another vehicle and ended with one of Cruise's self-driving taxis dragging a pedestrian. "We're going to do everything we can with the authorities we do have, which are not trivial," Buttigieg told reporters. The unit had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides. Cruise competes with Alphabet's (GOOGL.O) Waymo in deploying autonomous vehicles and had been testing hundreds in several cities across the United States, notably its home of San Francisco.
Persons: Transportation Pete Buttigieg, Joe Biden, Leah Millis, Pete Buttigieg, Kyle Vogt, Cruise, Buttigieg, David Shepardson, Will Dunham, Chizu Organizations: Transportation, South, REUTERS, Rights, . Transportation, Motors, Traffic Safety Administration, California Department of Motor Vehicles, Transport Workers Union of America, Brotherhood of Teamsters, United Auto Workers, NHTSA, Thomson Locations: Washington , U.S, San Francisco, Buttigieg's, United States
Nov 19 (Reuters) - - Kyle Vogt, the CEO of General Motors' robot-taxi unit Cruise, has resigned from the company a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet. The Cruise board met on Nov. 13 and the next day named GM general counsel Craig Glidden as Cruise's chief administrative officer. The board also said it would retain a third-party safety expert to assess safety operations and culture. Former Tesla President Jon McNeill, a GM director since 2022, was named vice chairman of the Cruise board alongside Barra, who is the chair. The National Highway Traffic Safety Administration in October opened an investigation into pedestrian risks at Cruise and the Cruise board hired law firm Quinn Emanuel to review Cruise management's responses to regulators investigating the Oct. 2 accident.
Persons: Kyle Vogt, Vogt, Cruise, Vogt's, Craig Glidden, Stephen Lam, Mary Barra, Glidden, Mo Elshenawy, Jon McNeill, Barra, Quinn Emanuel, Greg Bensinger, David Shepardson, Kenneth Li Organizations: General Motors, Reuters, GM, Cruise, Honda, REUTERS, California Department of Motor Vehicles, Traffic Safety Administration, Thomson Locations: United States, San Francisco , California, U.S, San Francisco
Kyle Vogt, chief technology officer, president & co-founder of Cruise, a Honda and General Motors self-driving car partnership, speaks on stage at the launch of the Cruise Origin autonomous vehicle in San Francisco, California, U.S. January 21, 2020. REUTERS/Stephen Lam/File Photo Acquire Licensing RightsNov 19 - The CEO of General Motors' robot-taxi unit Cruise, Kyle Vogt, has resigned from the company a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet. "The last 10 years have been amazing, and I'm grateful to everyone who helped Cruise along the way," he wrote in the email. Cruise in recent months had touted ambitious plans to expand to additional cities offering fully autonomous taxi rides. Cruise competes with Alphabet’s (GOOGL.O) Waymo in deploying autonomous vehicles and had been testing hundreds in several cities across the U.S., notably its home of San Francisco.
Persons: Kyle Vogt, Cruise, Stephen Lam, Vogt, Greg Bensinger, Kenneth Li Organizations: Honda, General Motors, Cruise, REUTERS, Reuters, California Department of Motor Vehicles, Thomson Locations: San Francisco , California, U.S, Vogt, San Francisco
LOS ANGELES (AP) — An elevated Los Angeles freeway closed for more than a week because of an arson fire reopened ahead of Monday morning's commute, at least a day earlier than previously announced and weeks ahead of the original estimate. “Welcome back, Los Angeles!” Mayor Karen Bass posted late Sunday on X, formerly known as Twitter. Gavin Newsom said recent safety inspections showed the span was safe to start reopening Sunday evening and that the freeway would be “fully operational” before Monday's rush hour. State investigators repeatedly identified fire and safety hazards at a leased storage space under an elevated Los Angeles freeway before it burned in the fire, documents show. The California Department of Transportation, or Caltrans, released the documents Friday.
Persons: Karen Bass, Gavin Newsom, ” Newsom, Kamala Harris, Sen, Alex Padilla, Bass, ” Bass, Padilla, Investigators, , Newsom, Daryl Myatt, Mainak, hasn't, Marshall, ” D’Attaray, Izzy Gordon, Gordon, , ” Brandon Richards, Richards, Sophia Tareen Organizations: ANGELES, Twitter, Gov, California Department of Transportation, Caltrans, Cal Fire, State Fire, Apex Development Inc, Apex, Apex Development, “ Apex, CalTrans, California’s, California Department of Forestry, Associated Press Locations: Los, Los Angeles, U.S, Angeles, Apex, Chicago
Cruise founder and CEO Kyle Vogt has resigned from his role at the autonomous vehicle venture owned by General Motors, according to a company statement sent to CNBC on Sunday. Cruise CEO and co-founder Kyle Vogt has resigned from his role at the autonomous vehicle venture owned by General Motors , according to a company statement sent to CNBC on Sunday. Mo Elshenawy, who previously served as executive vice president of engineering at Cruise, will now serve as president and CTO for Cruise, the company said. Vogt confirmed his resignation Sunday night in a social media post on X, formerly known as Twitter. The departing CEO also offered words of encouragement, writing: "Cruise is still just getting started, and I believe it has a great future ahead.
Persons: Kyle Vogt, Mo Elshenawy, Vogt, Cruise Organizations: General Motors, CNBC, Sunday, Cruise, Twitter, California Department of Motor Vehicles, California DMV Locations: San Francisco, California
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementKyle Vogt has resigned as CEO of Cruise, General Motors' autonomous vehicle unit, as questions build about the safety of self-driving cars. Since then, the autonomous vehicles have drawn complaints for making unexpected, traffic-clogging stops that critics say threaten to inconvenience other travelers and imperil public safety. Late last year, U.S. safety regulators said they were investigating reports that autonomous robotaxis run by Cruise can stop too quickly or unexpectedly quit moving, potentially stranding passengers. Problems at Cruise could slow the deployment of fully autonomous vehicles that carry passengers without human drivers on board.
Persons: Cruise, , Kyle Vogt, Vogt, Mo Elshenawy, Craig Glidden, Twitch Organizations: Service, General Motors, California Department of Motor Vehicles, Cruise, GM, Massachusetts Institute of Technology, Amazon Locations: California, San Francisco, Cruise
In an email to staff reviewed by Reuters, Cruise CEO Kyle Vogt also said the firm would make a new tender offer to allow employees to sell shares, just two days after cancelling an earlier offer. "As CEO, I take responsibility for the situation Cruise is in today. Vogt also noted that the company's approach to working with regulators, press and the public "must improve." Cancelling the program helped to cut costs for GM after it had to pause Cruise operations. Cruise has said it showed officials of the California DMV the complete video of the accident multiple times and provided a copy to officials.
Persons: Heather Somerville, Cruise, Kyle Vogt, Vogt, We've, Greg Bensinger, Hyunjoo Jin, David Shepardson, Cynthia Osterman, Tom Hogue Organizations: General Motors Corp, REUTERS, General Motors, Reuters, Cruise, Cruisers, GM, California Department of Motor Vehicles, California DMV, Thomson Locations: San Francisco, California, U.S, United States, Washington
Kyle Vogt has resigned as CEO of Cruise, General Motors’ autonomous vehicle unit, as questions build about the safety of self-driving cars. The California Department of Motor Vehicles revoked the license for Cruise. Since then, the autonomous vehicles have drawn complaints for making unexpected, traffic-clogging stops that critics say threaten to inconvenience other travelers and imperil public safety. Problems at Cruise could slow the deployment of fully autonomous vehicles that carry passengers without human drivers on board. It said Craig Glidden also will serve as president and continue as chief administrative officer for Cruise, an appointment announced earlier.
Persons: Kyle Vogt, Cruise, ” Cruise, Vogt, Mo Elshenawy, Craig Glidden, Twitch Organizations: Motors, California Department of Motor Vehicles, Cruise, , GM, Massachusetts Institute of Technology, Amazon Locations: San Francisco, Cruise
LOS ANGELES (AP) — State investigators repeatedly identified fire and safety hazards at a leased storage space under an elevated Los Angeles freeway before it burned in an arson fire, documents show. Gavin Newsom said the state will reassess the practice of leasing land under roads to bring in money for mass transportation projects. Political Cartoons View All 1256 ImagesApex Development Inc. has leased the land under I-10 since 2008. In September, state officials filed a lawsuit against Apex saying it owes $78,000 in unpaid rent. Caltrans had “informed Apex Development of the need to address violations, especially those creating safety hazards,” the agency said in a statement.
Persons: , Gavin Newsom, Kamala Harris, Newsom, Karen Bass, Daryl Myatt, Mainak, ” D’Attaray, Marshall, Izzy Gordon, ” Brandon Richards, Richards Organizations: ANGELES, , The California Department of Transportation, Caltrans, Authorities, Gov, Apex Development Inc, Apex, Apex Development, “ Apex, CalTrans, California’s, California Department of Forestry, Cal Fire, Caltrans “, State Fire Locations: Angeles, Los Angeles, Apex, California
At issue is an Oct. 2 accident in which a Cruise vehicle dragged a pedestrian in San Francisco after striking her. As recently as October, it had hundreds of autos carrying passengers around San Francisco with no drivers and had announced aggressive expansion plans. In Dubai, Cruise vehicles have primarily been seen recently on a couple of islands on the outskirts of the main city. In Japan, Honda (7267.T) and Cruise have jointly been testing self-driving vehicles on public roads in the city of Utsunomiya - a regional hub of about 513,000 people - and the adjacent Haga town. Reporting by Greg Bensinger in San Francisco; Additional reporting by Daniel Leussink in Toyko and Rachna Uppal in Dubai Editing by Ben Klayman and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Elijah Nouvelage, General Motors, Cruise, , , Bryant Walker Smith, Greg Bensinger, Daniel Leussink, Ben Klayman, Matthew Lewis Organizations: GM Bolt, REUTERS, FRANCISCO, General, Reuters, University of South, National, Traffic Safety Administration, California Department of Motor Vehicles, Cruise, Honda, Thomson Locations: San Francisco , California, U.S, Dubai, Japan, University of South Carolina, Arizona, San Francisco, California, Utsunomiya, Haga town, Toyko
A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company?s headquarters in San Francisco, California, U.S., September 26, 2018. In an email to staff seen by Reuters, Cruise CEO Kyle Vogt said the company will re-evaluate the employee equity program in light of the suspension, which "pushed out our commercialization and revenue generation timelines." The regulator said Cruise had not initially disclosed all video footage of an Oct. 2 accident where Cruise's car dragged a pedestrian in San Francisco. The unlisted Cruise unit last year introduced the equity program under which current and former employees can sell their vested equity to GM and other investors every quarter. Asked about the Thursday's email from Vogt, a Cruise spokesperson said, "GM and Cruise are working together on what competitive compensation packages at Cruise will look like going forward."
Persons: Heather Somerville, Kyle Vogt, Cruise, Sam Abuelsamid, Vogt, Hyunjoo Jin, Greg Bensinger, David Shepardson, Jonathan Oatis, Matthew Lewis, Daniel Wallis Organizations: General Motors Corp, REUTERS, General Motors, GM, Reuters, Cruise, California Department of Motor Vehicles, United Auto Workers, UAW, Thomson Locations: San Francisco , California, U.S, California, San Francisco, California , Arizona, Washington
"This orderly pause is a further step to rebuild public trust while we undergo a full safety review," Cruise said in a blog post. In addition, Cruise will hire an outside safety expert to review the company's safety operations and culture, according to the blog post. Cruise previously said it had retained law firm Quinn Emanuel to examine Cruise's response to the accident. The teams under Glidden include communications and finance, according to the blog post. The U.S. National Highway Traffic Safety Administration (NHTSA) said last month it was investigating the safety of Cruise vehicles.
Persons: Heather Somerville, Cruise, Quinn Emanuel, Craig Glidden, Mary Barra, David Shepardson, Ben Klayman, Chris Reese Organizations: General Motors Corp, REUTERS, WASHINGTON, General Motors, Cruise, Detroit automaker, Glidden, GM, U.S . National, Traffic Safety Administration, California Department of Motor Vehicles, Thomson Locations: San Francisco , California, U.S, DETROIT, San Francisco
"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
A fire under Interstate 10 severely damaged the freeway connecting to downtown Los Angeles. Photo: Richard Vogel/Associated PressLos Angeles drivers girded for significant disruptions to their commutes beginning Monday after a fire shut down part of Interstate 10, a major artery in the city’s freeway system. A section of the busy interstate that connects to downtown Los Angeles will remain closed in both directions “until further notice,” the California Department of Transportation, or CalTrans, said Sunday. California Gov. Gavin Newsom declared a state of emergency in Los Angeles County over the weekend, mobilizing state resources to assist with repairing the damage.
Persons: Richard Vogel, Gavin Newsom Organizations: Associated Press Los, California Department of Transportation, CalTrans, California Gov Locations: Los Angeles, Los Angeles County
CNN —Investigators are working to determine who is responsible for a massive fire over the weekend that has forced the indefinite closure of part of Los Angeles’ Interstate 10, as fire officials say the blaze was likely arson. Residents who are impacted have been urged to take public transit, work from home or plan for significant traffic delays. Investigators have sifted through the fire’s rubble in search of evidence and are working with Los Angeles firefighters to canvass the surrounding neighborhoods for potential witnesses and video footage, the fire marshal added. Firefighters responded to reports of the fire around 12:30 a.m. Saturday at a storage yard scattered with pallets, trailers and vehicles, according to the Los Angeles Fire Department. About 100 columns beneath the bridge were impacted by fire and are being inspected, according to transportation department director Tony Tavares.
Persons: Karen Bass, , Daniel Berlant, Berlant, Gavin Newsom, Newsom, , ” Bass, ” Newsom, Kristin Crowley, Jae C, ” John Yang, Yang, Tony Tavares, Transportation Toks Omishakin, ” Yang Organizations: CNN —, , , Firefighters, Los Angeles Fire Department, California Department of Transportation, Transportation, Apex Development, CNN Locations: Los Angeles, City, Los Angeles County, California
Los Angeles Mayor Karen Bass described the closure as a “crisis” for a city already notorious for its traffic woes. This photo provided by the California Department of Transportation shows an early morning fire along Interstate 10 near downtown Los Angeles on Saturday. A Los Angeles firefighter uses a robotic hose to douse a fire under Interstate 10 that severely damaged an overpass in downtown Los Angeles on Saturday. Wooden pallets, cars filled with gas and boxes of oranges have all been found under the Los Angeles bridge, officials said. Los Angeles firefighters mop up damage from a fire that severely damaged Interstate 10 near downtown Los Angeles on Saturday.
Persons: Angeles Mayor Karen Bass, Gavin Newsom, , ” Newsom, Bass, Newsom, , Firefighters, Richard Vogel, Kristin Crowley, Crowley Organizations: CNN, Los, Angeles Mayor, Los Angeles Fire Department, California Department of Transportation, Caltrans, Sunday, Department of Transportation, LA Unified School District, Los Angeles Locations: Los Angeles, Alameda Street, California, Los Angeles County, Philadelphia
Fire Closes Major Highway in Los Angeles
  + stars: | 2023-11-11 | by ( Associated Press | Nov. | At P.M. | ) www.usnews.com   time to read: +1 min
LOS ANGELES (AP) — A major highway near downtown Los Angeles was closed in both directions Saturday after a fire rampaged through storage lots underneath it. The California Department of Transportations sent personnel to inspect the highway, with detours established to ease snarled highway traffic. Interstate 10, which runs east-west, was closed near downtown Los Angeles for at least 24 hours into Sunday, authorities said. The fire department said the blaze burned through trailers, wood pallets and other things in storage lots on both sides of the highway, though firefighters successfully safeguarded three nearby commercial buildings. Political Cartoons View All 1240 ImagesFire department spokeswoman Margaret Stewart said there were no injuries reported from the fire, which was mostly extinguished by late morning.
Persons: detours, hasn't, Margaret Stewart Organizations: ANGELES, California Department, Transportations Locations: Los Angeles
But the Central Valley is booming, making it one of the few areas of the state experiencing sustained growth. But the 2020 Census revealed a stunning statistic: California's population growth had slowed in the prior decade, which resulted in the state's first-ever loss of a congressional district. But in California's Central Valley, the population is booming, driven by higher birth rates and substantial migration from more expensive coastal counties, according to The Economist. AdvertisementAdvertisementIn Northern California's Central Valley, San Joaquin County is poised to become a primary beneficiary of this inward migration. The state is projecting that the Northern California county will have almost 1 million residents by 2060, up from its current population of about 780,000 residents.
Persons: , Jane Tyska, aren't Organizations: Service, Golden, California Department of Finance, Golden State, Alameda County —, Oakland, San, Media, East Bay Times, Getty, San Bernardino counties —, Inland Locations: California, San Joaquin County, Bay Area, Golden State, Los Angeles, San Francisco, Central, Golden, Francisco, Alameda County, Berkeley, Alameda, Bay, Southern California, Riverside, San Bernardino, Central Valley, Northern California, San Joaquin
But right now, the unit's operations are shut down as regulators investigate the safety of Cruise's self-driving vehicles. Cruise had $1.7 billion in cash as of Sept. 30, enough to last nine months at the current cash burn rate. As Cruise's troubles intensified, investors on Thursday sent GM shares down more than 3% to $26.65, its lowest closing price since August 2020. In addition to the problems at Cruise, GM last month agreed to a costly new contract with the United Auto Workers, and scaled back plans to expand electric-vehicle production. California regulators suspended Cruise's license to operate, and have accused Cruise officials of misrepresenting information about the incident.
Persons: Heather Somerville, Mary Barra, Cruise, Cruise's, Lawrence Paustian, Barra, Quinn Emanuel, Shinji Aoyama, It's, Kyle Martin, Martin, Jason Petitte, Paul Jacobson, Biden, Ben Klayman, Joseph White, David Shepardson, Matthew Lewis Organizations: General Motors Corp, REUTERS, Rights DETROIT, General Motors, GM, Honda, Cruise, United Auto Workers, Pzena Investment Management, Reuters, Westwood Group, California Department of Motor Vehicles, U.S . National, Traffic, Administration, Thomson Locations: San Francisco , California, U.S, Cruise, Japan, Chicago, Waymo, San Francisco, California, Detroit, Washington
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
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