Thursday, November 14, 2024
General Motors has made an $850 million investment in Cruise to reinvigorate its operations. This injection of capital follows a challenging period marked by accidents and internal adjustments, with Cruise temporarily halting its taxi services. The funding aims to propel Cruise forward as it resumes testing in Phoenix, Dallas, and Houston.
Innovations in transportation are reshaping how people travel, introducing robotaxis as driverless taxis operating in cities like San Francisco and Phoenix. Despite safety concerns, these autonomous vehicles hold the promise of revolutionizing future travel experiences, with an increasing presence anticipated on streets worldwide.
General Motors has filed a lawsuit against San Francisco, alleging excessive taxes and interest since 2016, totaling $108 million and $13 million, respectively. The legal battle focuses on taxes related to GM's self-driving division, Cruise, emphasizing its separate financial structure and disputing the city's assessments.
Kyle Vogt has unexpectedly resigned from his position as CEO of Cruise, the autonomous vehicle subsidiary of General Motors. This departure marks a significant shift for the company. It comes at a time when Cruise is navigating through substantial challenges in the driverless car sector.
