General Motors will “substantially lower spending” on autonomous vehicle efforts in 2024 after accidents with its self-driving taxis in San Francisco.
Tag: Barra, Mary T
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Cruise’s C.E.O. Quits as the Driverless Carmaker Aims to Rebuild Trust
Kyle Vogt, a founder of Cruise, resigned from the company on Sunday, weeks after it suspended all of its self-driving operations.
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Automakers Delay Electric Vehicle Spending as Demand Slows
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
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Cruise Grew Fast and Angered Regulators. Now It’s Dealing With the Fallout.
The company, a General Motors subsidiary, has hired a law firm to investigate how it responded to regulators, as its cars sit idle and questions grow about its C.E.O.’s expansion plans.
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G.M. Said to Reach Tentative Deal With U.A.W.
General Motors became the last of the three large U.S. automakers to reach a tentative agreement on a new contract with the United Automobile Workers union.