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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
Fortescue approved investments in the U.S. hydrogen hub in Phoenix, Arizona; the Gladstone 50 megawatt green hydrogen project in Queensland, Australia; and the Christmas Creek green iron trial commercial plant in Western Australia. About $550 million will be used for developing an electrolyser and liquefaction facility in Phoenix, where first production of liquid green hydrogen is targeted for 2026. I think some of the market's concerns will be allayed because the capital investment required is pretty minimal in the scheme of things." Under a plan to ramp up its green energy business, Fortescue said in August it would stop allocating 10% of its net profit to that unit. Fortescue shares were up 1% on Tuesday in a strong market for iron ore miners, with peers BHP (BHP.AX) and Rio Tinto (RIO.AX) up 1.5% and 2% respectively.
Persons: Melanie Burton, Australia's Fortescue, Fortescue, David Coates, BHP, Himanshi, Richard Chang, Clarence Fernandez Organizations: Fortescue Metals Group, REUTERS, Arizona, MELBOURNE, Gladstone, Fortescue Energy, Fortescue, Rio Tinto, Thomson Locations: Pilbara, Port Hedland, Western Australia, U.S, Phoenix , Arizona, Queensland, Australia, Phoenix, Brazil, Kenya, Norway, BellPotter, Sydney, Michigan, New York, Rio, Bengaluru
New York CNN —Kyle Vogt, the head of General Motors’ self-driving car unit Cruise, resigned from the company late Sunday. Despite the myriad of problems and the turnover at the top, GM said Sunday it was sticking with Cruise and its efforts to develop self-driving cars. Besides the safety issues at Cruise, the unit has cost the company $5.9 billion before interest and taxes since the start of 2020. The most serious accident involving Cruise was one on October 2 involving a pedestrian in San Francisco who was critically injured when hit, first by a traditional human-driven car, then by a Cruise driverless car. Two weeks later the National Highway Traffic Safety Administration said that accident and reports of other accidents involving Cruise vehicles and pedestrians, prompted it to launch a safety probe into Cruise vehicles.
Persons: Kyle Vogt, Cruise, robotaxis, , Vogt, ” Vogt, Craig Glidden, Mo Elshenawy, , ” – CNN’s Peter Valdes, Dapena Organizations: New, New York CNN, General Motors, Honda, GM, Cruise, Ford, Volkswagen, Traffic Safety Administration, Cruisers, Reuters, Locations: New York, San Francisco, Japan, 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
Robotaxis are autonomous self-driving cabs which require no human interaction to operate the vehicle. When did driverless cabs become a reality? Cruise followed with its first driverless ride service last year in San Francisco, and slowly expanded to include Phoenix, Arizona, and Austin, Texas. The use of driverless cabs also raises the prospect of job losses and could attract pushback from unions. Regulatory hurdles facing robotaxisCommercializing fully autonomous vehicles, especially robotaxis, has been harder than expected with tough regulations, complicated technology and heavy investments forcing some to cut jobs.
Persons: Elijah Nouvelage, Cruise, Here's, Waymo, Nathan Gomes, Devika Organizations: San, GM Bolt, REUTERS, General Motors, Companies, Technologies, Amazon.com, Ford, Volkswagen, Argo, Thomson Locations: San Francisco, San Francisco , California, U.S, United States, Phoenix , Arizona, Austin , Texas, Bengaluru
Autonomous Cars Beat EVs
  + stars: | 2023-11-19 | by ( Andy Kessler | ) www.wsj.com   time to read: +1 min
Journal Editorial Report: The week’s best and worst from Bill McGurn, Kate Bachelder Odell, Mene Ukueberuwa, and Kim Strassel. And given high prices for EVs, subsidies are mainly a giveaway to the already well-off. If you add up carbon emissions from manufacturing, daily use and end of life, EVs have total life-cycle emissions 30% lower than gasoline-powered autos. In Silicon Valley, something is considered truly transformational if it’s 10 times better, not a third. Instead of throwing taxpayer money at EVs, President Biden could have been a hero and helped bring autonomous vehicles to the market faster.
Persons: Bill McGurn, Kate Bachelder Odell, Mene Ukueberuwa, Kim Strassel, Mark Kelly, Ford, Biden Organizations: Getty, Honda, General Motors Locations: Silicon, EVs
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
Kyle Vogt, a founder and chief executive of Cruise, the driverless car subsidiary of General Motors, resigned on Sunday, less than a month after Cruise suspended all autonomous operations after a series of traffic mishaps. Mr. Vogt had faced criticism for months as Cruise’s self-driving operations ran into issues in cities such as San Francisco. At various points, Cruise’s autonomous vehicles were involved in accidents, with outrage mounting after one of its cars dragged a pedestrian 20 feet after a crash in October. In a statement, Cruise said that its board had accepted Mr. Vogt’s resignation, but it did not specify what had led to his departure. The company did not name a new chief executive but appointed a new president who also became its chief technology officer and a new vice chairman.
Persons: Kyle Vogt, Cruise, Vogt, Vogt’s, Organizations: General Motors Locations: San Francisco
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
General Motors’ self-driving car unit Cruise has paused its U.S. operations after California regulators called its vehicles unsafe. WSJ reporter Ryan Felton explains what this decision means for the future of autonomous vehicles and rivals like Google’s self-driving unit Waymo. Photo: Elijah Nouvelage/ReutersGeneral Motors ’ Cruise is suspending an internal program that allows employees to cash out shares in the driverless-car company, citing the need to revalue the business after a pedestrian accident led it to halt robotaxi services last month. Cruise notified employees of the decision Thursday in an email from Chief Executive Kyle Vogt , which was viewed by The Wall Street Journal. The autonomous-driving startup, majority owned by GM, told employees that the regular quarterly offer to sell shares would be canceled as it re-evaluates the program.
Persons: Ryan Felton, Elijah Nouvelage, Kyle Vogt Organizations: Motors, Reuters General Motors, Wall Street, GM Locations: California
"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 recalled its entire driverless car fleet after they were banned in California following a fatality. Now other driverless car companies are facing questions over the safety of their vehicles. AdvertisementAdvertisementCruise's robotaxi rollout in San Francisco has turned into a fiasco , with the driverless car firm facing growing questions over just how safe its vehicles really are . A self-driving Waymo car in San Francisco. AdvertisementAdvertisementCruise's recall has sparked renewed scrutiny of the decision to allow the driverless car company and its rival Waymo to operate their robotaxi services in San Francisco 24/7 .
Persons: Cruise, , Pete Buttigieg, Sen, David Cortese, Gavin Jackson, Jackson, Waymo Organizations: Service, Google, Getty Locations: California, San Francisco, Phoenix, Austin, Los Angeles
Elon Musk must deliver on ambitious Tesla projects to justify its stock price, HSBC analysts said. Musk has made big promises including to release its humanoid robots and building a supercomputer. AdvertisementAdvertisementElon Musk's grandiose ideas for Tesla must come to fruition to justify its high-priced stock, HSBC analysts said. In recent years, the company has made bold pledges related to its plans for humanoid robots, a supercomputer, and fully self-driving cars. Musk is a "charismatic CEO with a cult-like following," the analysts said, adding that he also "feeds into the innovator narrative."
Persons: Elon, , Tesla, Musk Organizations: HSBC, Service, Reuters, Dojo
Some Cruise contractors have been laid off following its suspension of robotaxi operations. Cruise's CEO also reportedly told staff this week that layoffs involving full-time staff are coming. AdvertisementAdvertisementCruise contractors were hit with layoffs after the self-driving car company had its permit revoked in California and subsequently suspended all of its driverless robotaxi operations nationwide. "Cruise has made the difficult decision to reduce a portion of the contingent workforce that supported driverless ridehail operations," a Cruise spokesperson told Insider. GM, Cruise's parent company, then paused all Cruise robotaxi operations nationwide.
Persons: Cruise, , Kyle Vogt, Forbes, Vogt Organizations: Service, GM Locations: California, San Francisco
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 —Cruise, General Motors’ self-driving vehicle subsidiary, has recalled all 950 of its autonomous vehicles for a software update. Late last month, Cruise paused all its public testing operations while it investigated the incident that led to the recall. GM had announced Monday that it was pausing production test versions of the Cruise Origin, a self driving vehicle GM and Cruise designed jointly with Honda. After striking the pedestrian, the Cruise AV attempted to pull off to side of the road to avoid causing an obstruction. Cruise doesn’t sell its self-driving vehicles so all the cars are owned by either Cruise or GM, which produces the heavily modified Chevrolet Bolt electric vehicles.
Persons: CNN — Cruise, Cruise, Aimee Ridella Organizations: CNN, Motors, GM, Honda, Cruise, California Department of Motor Vehicles, National, Traffic Safety Administration, NHTSA, Chevrolet
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
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
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
File photo: Heavy traffic as seen on the M3 motorway heading towards the English coast, near Southampton, Britain, August 7, 2020. King Charles said the government would bring forward an Automated Vehicles Bill as he set out the government's legislative agenda for the forthcoming parliamentary session, after one promised last year did not materialise. "My Ministers will introduce new legal frameworks to support the safe commercial development of emerging industries, such as self-driving vehicles," Charles said in a speech to lawmakers. "The Bill gives people immunity from prosecution when a self-driving vehicle is driving itself, given it does not make sense to then hold the person sat behind the wheel responsible." The bill will establish new processes to investigate incidents and improve the safety framework, and will also set the threshold for what is classified as a self-driving car.
Persons: Toby Melville, King Charles, Charles, Alistair Smout, Nick Carey, William James, Kate Holton Organizations: REUTERS, Companies, Motors, Thomson Locations: Southampton, Britain, AVs, U.S, California
Nov. 20, 2023 11:00 am ETFor every story about advancements in artificial intelligence technology in the driverless cars business, there are concerning headlines about recalls and accidents with autonomous vehicles. Still, we appear to be approaching a time when self-driving systems will be safer than having humans behind the wheel. How will you handle such an inflection point?
[1/2] File photo: Heavy traffic as seen on the M3 motorway heading towards the English coast, near Southampton, Britain, August 7, 2020. REUTERS/Toby Melville/File photo Acquire Licensing RightsLONDON, Nov 7 (Reuters) - Britain will make the makers rather than the owners of self-driving cars legally liable for any crashes under a framework for developing autonomous vehicles (AV), the government said on Tuesday, in a move welcomed by insurers and AV startups. King Charles said the government would bring forward an Automated Vehicles Bill as he set out the government's legislative agenda for the forthcoming parliamentary session, after one promised last year did not materialise. "My ministers will introduce new legal frameworks to support the safe commercial development of emerging industries, such as self-driving vehicles," Charles said in a speech to lawmakers. The bill will establish processes to investigate incidents and improve the safety framework, and will also set the threshold for what is classified as a self-driving car.
Persons: Toby Melville, King Charles, Charles, Tara Foley, Alex Kendall, Paul Newman, Alistair Smout, Nick Carey, William James, Kate Holton, Barbara Lewis Organizations: REUTERS, Ireland, AXA, Companies, Microsoft, Motors, Oxford, Thomson Locations: Southampton, Britain, U.S, California
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
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
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