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☆ GM's Cruise slashes contractor roles after driverless car suspension
▼ + stars: | 2023-11-09 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

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

☆ GM's Cruise recalling 950 driverless cars after pedestrian dragged in crash
▼ + stars: | 2023-11-08 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

A self-driving GM Bolt EV is seen during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo Acquire Licensing RightsWASHINGTON, Nov 8 (Reuters) - Cruise is recalling 950 driverless cars from the roads across the United States following a crash involving one of its robotaxis and will likely issue more recalls, General Motors' (GM.N) self-driving unit said. The recall is the latest setback for GM's Cruise unit that faces growing questions about its technology that GM says it key to its growth plans. Cruise said last month it would halt operations nationwide after California regulators suspended the robotaxi operator's license, saying the Cruise self-driving vehicles were a risk to the public. Cruise is facing two federal investigations over the safety of its cars, including two incidents where the robot cars appeared not to yield to pedestrians in crosswalks.

Persons: Elijah Nouvelage, Mary Barra, Cruise, Quinn Emanuel, David Shepardson, Washington Abinaya, Chandni Shah, Anil D'Silva Organizations: GM Bolt, REUTERS, Rights, General Motors, National, Traffic Safety Administration, GM's, GM, Origin, Thomson Locations: San Francisco , California, U.S, United States, San Francisco, California, crosswalks, Phoenix , Arizona, Houston, Austin, Dallas, Texas, Miami, Washington, Bengaluru

☆ GM's Cruise to recall 950 driverless cars after accident involving pedestrian
▼ + stars: | 2023-11-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A self-driving GM Bolt EV is seen during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo Acquire Licensing RightsNov 8 (Reuters) - Cruise is recalling 950 driverless cars from the roads across the United States and may withdraw more following an accident involving one of its robotaxis, General Motors' (GM.N) self-driving unit and the U.S. auto regulator said on Wednesday. All affected driverless vehicles will also be repaired before returning to service, it said. "Today we have issued a voluntary recall of part of our AV software based on a new analysis of our AV's post-collision response on October 2nd," Cruise said. Late last month, Cruise said it would suspend all operations nationwide after the California Department of Motor Vehicles ordered the robotaxi operator to remove its driverless cars from state roads.

Persons: Elijah Nouvelage, Cruise, Abinaya Vijayaraghavan, Chandni Shah, Anil D'Silva Organizations: GM Bolt, REUTERS, General Motors, U.S, Traffic Safety Administration, NHTSA, Reuters, California Department of Motor Vehicles, Thomson Locations: San Francisco , California, U.S, United States, San Francisco, crosswalks ., Phoenix , Arizona, Houston, Austin, Dallas, Texas, Miami , Florida, Bengaluru

DETROIT (AP) — General Motors' Cruise autonomous vehicle unit is recalling all 950 of its cars to update software after it dragged a pedestrian to the side of a San Francisco street in early October. The company said in documents posted by U.S. safety regulators on Wednesday that with the updated software, Cruise vehicles will remain stationary in similar cases in the future. The Oct. 2 crash forced Cruise to suspend driverless operations nationwide after California regulators found that its cars posed a danger to public safety. In the crash, a human-driven vehicle hit a pedestrian, sending the person into the path of a Cruise autonomous vehicle. Cruise says in documents that it already has updated software in test vehicles that are being supervised by human safety drivers.

Persons: Cruise, ” Cruise, Cruise’s robotaxis Organizations: DETROIT, —, Motors, California Department of Motor Vehicles, Cruise, Department of Motor Vehicles, General Motors Co, Detroit Locations: San Francisco, California, Los Angeles, Phoenix, Austin , Texas, Cruise

☆ GM's Cruise is recalling 950 robotaxis after pedestrian collision
▼ + stars: | 2023-11-08 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Cruise, the autonomous vehicle venture owned by General Motors , has issued a recall effecting 950 of its robotaxis following a pedestrian collision in San Francisco last month. The Oct. 2 collision triggered a federal probe. According to the Cruise filing with the NHTSA on Nov. 7, following the collision, Cruise found defects within its automated driving system software, specifically pertaining to its "Collision Detection Subsystem." This issue could occur after a collision with a pedestrian positioned low on the ground in the path of the AV." After Cruise lost its permits in California and faced a public backlash over safety concerns, the company also temporarily suspended production of its Cruise Origin driverless vans.

Persons: Cruise, Louise Zhang, Elon Musk, Quinn Emanuel Organizations: General Motors, National, Traffic, Administration, Google, Tesla, Cruise, GM Locations: San Francisco, California, Detroit

☆ GM to update Cruise software so self-driving cars stop if a pedestrian is pinned underneath
▼ + stars: | 2023-11-08 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

California later revoked the license for Cruise vehicles to operate without human drivers behind the wheel. In the crash, another vehicle with a person behind the wheel struck a pedestrian, sending the person into the path of a Cruise autonomous vehicle. The pedestrian was pinned under one of the Cruise vehicle's tires and was critically injured. NHTSA opened an investigation Oct. 16 into four reports that Cruise vehicles may not exercise proper caution around pedestrians. GM recently paused production of the Cruise Origin, a fully autonomous vehicle designed for Cruise to carry multiple passengers.

Persons: —, Cruise, Cruise's robotaxis Organizations: Motors, Cruise, Service, state's Department of Motor Vehicles, U.S . National, Traffic Safety Administration, NHTSA, AV, Department of Motor Vehicles, General Motors Co, Detroit, GM Locations: San Francisco, California, Cruise, Detroit

☆ GM to halt production of Cruise driverless van
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] FILE PHOTO: 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. REUTERS/Heather Somerville/File Photo/File Photo Acquire Licensing RightsNov 6 (Reuters) - General Motors (GM.N) is finishing production on a small number of its pre-commercial fully autonomous van the Cruise Origin, after which the automaker plans to temporarily pause its production, a company spokesperson told Reuters on Monday. The Cruise Origin vehicle was jointly developed by GM, Cruise and Honda. The move comes after Cruise, the driverless car unit of General Motors, suspended all operations nationwide after California regulators ordered the robotaxi operator to remove its driverless cars from state roads. California regulators suspended the company's license to operate driverless vehicles last month, saying self-driving vehicles were a risk to the public.

Persons: Heather Somerville, Forbes, Kyle Vogt's, Vogt, Cruise, Akanksha Khushi, Mrinmay Dey, Nivedita Bhattacharjee, Dhanya Ann Thoppil Organizations: General Motors Corp, REUTERS, General Motors, GM, Cruise, Honda, Thomson Locations: San Francisco , California, U.S, Japan, Tokyo, California, Bengaluru

☆ Cruise reportedly knew its robotaxis struggled to detect children and large holes but kept operating anyway
▼ + stars: | 2023-11-07 | by ( Kylie Kirschner | Tom Carter | ) www.businessinsider.com time to read: +4 min

Cruise's driverless cars have reportedly had issues detecting children and large holes on roads. California revoked Cruise's robotaxi permits, and its service in the US has since been suspended. According to internal materials reviewed by The Intercept, Cruise knew about certain safety issues while its fleet of robotaxis was in operation. Cruise has maintained that its driverless vehicles are safe. We have the lowest risk tolerance for incidents with children and treat them with the highest safety priority," Cruise told Insider.

Persons: —, Cruise Organizations: Intercept, Cruise's, Service, The Intercept, Cruise, California Department of Motor Vehicles, Forbes Locations: California, San Francisco, robotaxis

☆ Cruise confirms robotaxis rely on human assistance every four to five miles
▼ + stars: | 2023-11-06 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

This Cruise in San Francisco seemingly could not figure out how to pull aside on a narrow street to let a buss pass. First, Vogt confirmed that the General Motors -owned company does have a remote assistance team, in response to a discussion under the header, "GM's Cruise alleged to rely on human operators to achieve 'autonomous' driving." The CEO wrote, "Cruise AVs are being remotely assisted (RA) 2-4% of the time on average, in complex urban environments. CNBC confirmed with Cruise spokesperson Tiffany Testo that the comments were accurate and came from the company's CEO. Cruise recently took the drastic move of grounding all of its driverless operations following a collision that injured a pedestrian in San Francisco on October 2.

Persons: buss, Kyle Vogt, aren't, Vogt, GM's Cruise, Tiffany Testo, Cruise Organizations: Cruise, Hacker, General Motors, CNBC, DMV, NBC, California Department of Motor Vehicles, Google Locations: San Francisco, California

In this article UBERGOOGLGM Follow your favorite stocks CREATE FREE ACCOUNTSelf-driving cars have flooded San Francisco streets, and many of them have no safety drivers behind the wheel. The cars have driven into firefighting scenes, caused construction delays, impeded ambulances and even meandered into active crime scenes. "There have been 75 plus incidents," said San Francisco fire chief Jeanine Nicholson. San Francisco city attorney David Chiu said, "there are still some glitches that need to be worked out." "The idea that thousands of vehicles could be hitting our streets in short order is what gives us concern."

Persons: Alphabet's Waymo, Jeanine Nicholson, David Chiu, Chiu Organizations: General Motors Locations: San Francisco, Francisco, Russian

NEW YORK (AP) — Cruise, the autonomous vehicle unit owned by General Motors, is suspending driverless operations nationwide days after regulators in California found that its driverless cars posed a danger to public safety. The choice to suspend its driverless services isn't related to any new on-road incidents, Cruise added. The pedestrian became pinned under a tire of the Cruise vehicle after it came to a stop. Three rear-end collisions that reportedly took place after Cruise AVs braked hard kicked off the investigation. “We welcome NHTSA’s questions related to our safety record and operations," Cruise spokesperson Hannah Lindow said in a statement sent to The Associated Press Friday.

Persons: — Cruise, Cruise, ” Cruise, Cruise’s robotaxis, robotaxi, Cruise's, Cruise AVs, Hannah Lindow Organizations: General Motors, California Department of Motor Vehicles, Cruise, General Motors Co, Detroit, California Department of Motor, Traffic Safety Administration, Associated Locations: California, San Francisco, Cruise, Los Angeles, Phoenix, Austin

☆ GM halting robotaxi services nationwide after California ban
▼ + stars: | 2023-10-27 | by ( Chris Isidore | Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

New York CNN —General Motors announced Thursday that it is putting the brakes on its driverless cars, halting a service that provides driverless rides in multiple cities. The move comes days after California revoked GM’s permits to test and operate fully driverless vehicles on the state’s roads. GM said the driverless vehicles are safer than human-driven cars. But there have been numerous problems with the vehicles’ operations. The National Highway Traffic Safety Administration has announced it has launched an investigation into the safety of its driverless vehicles around pedestrians.

Persons: ” Cruise, Cruise, “ Organizations: New, New York CNN — General Motors, California DMV, GM, Traffic, Administration, driverless Locations: New York, California, Cruise, San Francisco, Houston, Dallas, Austin , Texas, Phoenix, Miami, San Fransciso

Cruise, the autonomous vehicle startup owned by General Motors, has paused all of its driverless operations after collisions led to investigations, a disagreement with state regulators, and a suspension of its licenses in California earlier this week. The autonomous vehicle maker, founded by CEO Kyle Vogt in 2013, had previously initiated driverless operations in San Francisco, Austin, Phoenix, Houston, Dallas and Miami. According to DMV records obtained by CNBC, the Cruise autonomous vehicle came to a complete stop and "subsequently attempted to perform a pullover maneuver while the pedestrian was underneath the vehicle." The move comes two days after GM CEO Mary Barra said several times that the automaker believes Cruise vehicles are safer than human drivers. Cruise will keep running its autonomous vehicles with human safety drivers behind the wheel, supervising the drives, the company also said on Thursday.

Persons: Cruise, Kyle Vogt, Mary Barra, Barra Organizations: General Motors, GM, California Department of Motor Vehicles, DMV, The, The California Public Utilities, CNBC, Cruise, Barra, Honda Locations: California, San Francisco, Austin, Phoenix, Houston, Dallas, Miami, The California

☆ US auto safety agency investigating two new GM Cruise crash reports
▼ + stars: | 2023-10-26 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. REUTERS/Heather Somerville/File photo Acquire Licensing RightsWASHINGTON, Oct 26 (Reuters) - U.S. auto safety officials said on Thursday they are investigating two additional reports of General Motors (GM.N) Cruise self-driving cars engaging in inappropriately hard braking that resulted in collisions. The National Highway Traffic Safety Administration (NHTSA) said in December it had opened a formal safety probe into the GM robotaxi unit Cruise after reports of three crashes in which Cruise vehicles were struck from behind by other vehicles after the autonomous vehicles braked quickly, resulting in two injuries. "Inappropriately hard braking results in the Cruise vehicles becoming unexpected roadway obstacles and may result in a collision with a Cruise vehicle," NHTSA said in its letter. The DMV in August had directed Cruise to remove half of its driverless vehicles after another crash.

Persons: Heather Somerville, Cruise, David Shepardson, Rod Nickel Organizations: General Motors Corp, REUTERS, Rights, General Motors, Traffic Safety Administration, GM, NHTSA, Cruise, California's Department of Motor Vehicles, Thomson Locations: San Francisco, California, U.S

☆ Here's what reportedly led to Cruise robotaxis getting banned in San Francisco
▼ + stars: | 2023-10-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Officials have banned Cruise robotaxis in San Francisco, warning they are a risk to public safety. Cruise was banned from operating its robotaxi service in San Francisco on Tuesday, with regulators warning that the controversial autonomous car company's vehicles posed "an unreasonable risk to public safety" following a series of accidents. "I can confirm that Cruise showed the full video to the DMV on October 3rd, and played it multiple times," they said. Cruise has been a controversial presence in San Francisco ever since it received approval to run its robotaxi service 24/7 in the city in August. AdvertisementAdvertisementFollowing the suspension of its driverless permits, Cruise announced that it would pause its driverless car services in San Francisco entirely.

Persons: Cruise, —, didn't Organizations: Service, California Department of Motor Vehicles, DMV, Cruise, CA, NHTSA Locations: San Francisco, California

☆ Honda, GM scrap $5 bln plan to co-develop cheaper EVs
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +3 min

A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. GM cited a joint statement that pointed to the projects the companies are still working on together in acknowledging the end of EV plan. A spokesman confirmed she was referring to the Honda EV partnership. The automakers had said the deal was for "affordable" EVs, including compact crossover vehicles, built using GM's Ultium battery technology. "After studying this for a year, we decided that this would be difficult as a business, so at the moment, we are ending development of an affordable EV," Honda CEO Toshihiro Mibe was quoted by Bloomberg as saying in an interview.

Persons: David, Dee, Delgado, Tesla, Honda, Mary Barra, Toshihiro Mibe, Cruise, Daniel Leussink, Gursimran, Ben Klayman, Mark Potter, David Holmes Organizations: New York, REUTERS, Rights, Honda, General Motors, United Auto Workers, U.S, Tuesday, GM, Honda EV, Bloomberg, Cruise, Thomson Locations: Manhattan , New York City, U.S, California, U.S ., . California, Japan, Tokyo, Gursimran Kaur, Bengaluru, Ben, Detroit

SAN FRANCISCO (AP) — California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace. Political Cartoons View All 1215 ImagesIn a statement, Cruise confirmed it has ceased its robotaxi operations in San Francisco. Waymo, which began as as secret project within Google more than a decade ago, has been running another robotaxi service in Phoenix for the past three years. Cruise also is testing a robotaxi service in Los Angeles, where protests against it already have been percolating, as well as Phoenix and Austin, Texas. The DMV initially asked Cruise to cut its driverless fleet in San Francisco in half, a request accepted by the company.

Persons: San Francisco —, Cruise's robotaxis, robotaxi, Cruise, Panini, ”, Waymo, haven't, Mary Barra, ” Barra Organizations: FRANCISCO, —, General Motors, California Department of Motor Vehicles, Public Utilities Commission, Google, GM, Cruise, Detroit, DMV Locations: — California, San Francisco, U.S, Waymo, Phoenix, California, Los Angeles, Austin , Texas

☆ California revokes Cruise's robo-taxi permit, calling them 'an unreasonable risk to public safety'
▼ + stars: | 2023-10-24 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

California has revoked the license of Cruise, an autonomous robo-taxi service owned by General Motors. California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace. In a statement, Cruise confirmed it has ceased its robotaxi operations in San Francisco. AdvertisementAdvertisementWhile Cruise has been sidelined in San Francisco, another robotaxi operated by Waymo is continuing to give rides throughout the city. Waymo, which began as as secret project within Google more than a decade ago, has been running another robotaxi service in Phoenix for the past three years.

Persons: —, San Francisco —, Cruise's robotaxis, robotaxi, Cruise, Panini, Waymo Organizations: General Motors, Service, California Department of Motor Vehicles, Public Utilities Commission, Google Locations: California, San Francisco, U.S, Waymo, Phoenix

☆ California suspends GM Cruise self-driving vehicles as 'not safe' for public
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +4 min

Cruise's AVs posed an "an unreasonable risk to public safety," and "are not safe for the public's operation" California's Department of Motor Vehicles (DMV) said in a statement. The suspension, which came after a series of accidents involving Cruise vehicles, is a major setback to GM's self-driving technology unit and to the nascent autonomous vehicle (AV) industry. That month, a Cruise robotaxi was involved in a crash with an emergency vehicle in San Francisco. Barra said the Cruise robotaxis have better safety records than human drivers. This month, U.S. auto safety regulators opened a probe into whether Cruise was taking sufficient precautions with its autonomous robotaxis to safeguard pedestrians.

Persons: Cruise, Elijah Nouvelage, Cruise's AVs, Mary Barra, robotaxi, Barra, Hyunjoo Jin, David Gregorio Our Organizations: REUTERS, Motors, California's Department of Motor Vehicles, Cruise, GM, DMV, California Department of Motor Vehicles, Traffic Safety Administration, UAW, Detroit Three, Thomson Locations: San Francisco , California, U.S, San Francisco, New York, Texas

☆ California DMV suspends Cruise's self-driving car permits, effective immediately
▼ + stars: | 2023-10-24 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

"When there is an unreasonable risk to public safety, the DMV can immediately suspend or revoke permits," the California DMV said in a statement. The California Department of Motor Vehicles on Tuesday suspended Cruise's deployment and testing permits for its autonomous vehicles, effective immediately. A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company's headquarters in San Francisco. "We learned today at 10:30 am PT of the California DMV's suspension of our driverless permits," Cruise spokesperson Hannah Lindow told CNBC in a statement. 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: Hannah Lindow, Cruise, Philip Koopman, that's, Koopman, Kyle Vogt, — CNBC's Lora Kolodny Organizations: DMV, California DMV, Cruise, General Motors, The California Department of Motor Vehicles, General Motors Corp, CNBC, National, Traffic Safety Administration, Carnegie Mellon University, California's Public Utilities Commission, Google, LinkedIn Locations: California, San Francisco, U.S

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. The UAW walkouts cost the company $200 million during the third quarter and $600 million so far in the fourth quarter, GM Chief Financial Officer Paul Jacobson said in a briefing with reporters. Strike costs are now running at $200 million a week, Jacobson said. Average selling prices for GM vehicles were $50,750 in the latest quarter, slightly down from the previous quarter. GM also said losses at its Cruise robotaxi unit widened to $732 million in the quarter.

Persons: Rebecca Cook, GM's, Colin Langan, Paul Jacobson, Jacobson, Shawn Fain, Tesla, Mary Barra, We're, Barra, Biden, Ford, Elon, Joe White, Ben Klayman, Jamie Freed, Kirsten Donovan, Chizu Organizations: General Motors, REUTERS, Rights, Tuesday, United Auto Workers, GM, UAW, Chevrolet, Detroit, EV, GMC, U.S, Thomson Locations: Detroit , Michigan, U.S, Arlington , Texas, Flint , Michigan, North America, Orion Township , Michigan

☆ Tesla stock ends the week down 15%, the worst performance of the year
▼ + stars: | 2023-10-20 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Elon Musk, chief executive officer of SpaceX and Tesla, and owner of X. formerly known as Twitter. Tesla shares dropped more than 15% over the last few days to close the week at $211.99 after CEO Elon Musk waxed pessimistic about macroeconomic issues on a third-quarter earnings call Wednesday. It marks the worst week for Tesla stock of the year, although shares of the electric automaker are still up 96% year-to-date. For the period ending Sept. 30, 2023, Tesla reported $23.35 billion in revenue and $1.85 billion in profits, a decline versus the prior quarter. His forecast still implies more than a 56% upside in a note out after the Q3 Tesla call.

Persons: Elon Musk, Tesla, Musk, Didi, it's, Vaibhav Taneja, We've, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Toni Sacconaghi, Bernstein Organizations: SpaceX, Tesla, CNBC Pro Locations: U.S, China

☆ Honda, GM, Cruise plan to begin Japan driverless ride service in early 2026
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsTOKYO, Oct 19 (Reuters) - Honda Motor (7267.T) said on Thursday that it aims to set up a joint venture with General Motors (GM.N) and Cruise to begin a driverless ride service in Japan in early 2026. The three companies aim to establish the joint venture in first half of 2024 pending regulatory approval, the Japanese company said in a statement without providing financial details. Vogt said it was hard to say whether offering a driverless ride service in Tokyo posed a unique or distinct challenge for the company. The Japan service is planned to launch in central Tokyo, using dozens of Origins before expanding to a fleet of 500 vehicles, Honda said in its statement. The companies plan to later broaden the service to areas beyond central Tokyo, Honda said.

Persons: Rebecca Cook, Cruise, Waymo, Honda, Kyle Vogt, Vogt, Toshihiro Mibe, Daniel Leussink, Mariko Katsumura, Rocky Swift, David Dolan, Christopher Cushing Organizations: General Motors, REUTERS, Rights, Honda, Cruise, GM, Thomson Locations: Detroit , Michigan, U.S, Japan, San Francisco, United States, Tokyo, Austin

☆ Tesla set to report third quarter earnings after the bell
▼ + stars: | 2023-10-18 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Tesla is set to report third-quarter results after the bell on Wednesday. The Q3 2023 earnings call will be Tesla's first since its previous CFO, Zachary Kirkhorn, announced he was stepping aside. Earlier this month, Tesla reported a 7% decline in vehicle deliveries for the third quarter compared to the previous three-month period. Tesla reiterated at the time that it was still aiming for 1.8 million vehicle deliveries for the full year in 2023. Tesla uses an online platform called Say Technologies to pick out questions from shareholders to answer in advance of earnings calls.

Persons: Tesla, Zachary Kirkhorn, Vaibhav Taneja, Elon Musk Organizations: LSEG, Elon, Technologies, Highland, Tesla, Twitter, Say Technologies Locations: U.S, China, EU, Austin

[1/2] A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. NHTSA's preliminary evaluation covers about 594 vehicles and is the first step before the agency seek to force a recall. In December, NHTSA opened a separate safety probe into the autonomous driving system in Cruise vehicles after reports of two injuries in rear-end crashes. NHTSA said Cruise vehicles "may engage in inappropriately hard braking or become immobilized." The DMV in August said it was investigating "recent concerning incidents" involving Cruise vehicles in San Francisco and asked the company to take half its robotaxis off the roads, a request Cruise complied with.

Persons: Heather Somerville, Mary Barra, Cruise, robotaxi, David Shepardsin, Nick Carey, Abinaya, Nivedita Bhattacharjee, Jan Harvey, Nick Zieminski Organizations: General Motors Corp, REUTERS, Rights, General Motors, Traffic Safety Administration, NHTSA, GM, Cruise, California Department of Motor Vehicles, California Public Utilities Commission, Thomson Locations: San Francisco, California, U.S, Cruise, Washington, London, Bengaluru

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