It then brought on investors such as Honda Motor, SoftBank Vision Fund, and, more recently, Walmart and Microsoft. The unit had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides. This is also a setback for an industry dependent on public trust and the cooperation of regulators. The additional departures come roughly a month after Cruise CEO and co-founder Kyle Vogt and co-founder and Chief Product Officer Dan Kan both resigned. GM remains committed to supporting Cruise in these efforts," GM said in an emailed statement Wednesday. "The personnel decisions made today are a necessary step for Cruise to move forward as it focuses on accountability, trust and transparency. They are expected to be completed in early 2024, she said. Its actions include two ongoing external safety reviews that will guide the company's path forward. GM CEO Mary Barra, who serves as chair of Cruise, last week in Detroit said the company is "very focused on righting the ship" at Cruise. Cruise then followed up with pausing all roadway operations in the U.S. 2 accident involving one of Cruise's robotaxis, which dragged a pedestrian after the person was struck by another vehicle.įollowing the accident, the California Department of Motor Vehicles suspended the deployment and testing permits for its autonomous vehicles in late-October. The shakeup at Cruise, which was first reported by Reuters, follows an initial analysis of the company's response to an Oct. The challenges have led to a consolidation in the autonomous vehicle sector after years of enthusiasm touting the technology as the next multitrillion-dollar market for transportation companies. Commercializing autonomous vehicles has been far more challenging than many predicted even a few years ago. The message said "new leadership is necessary" for the company to regain trust and operate "with the highest standards when it comes to safety, integrity, and accountability."Ĭruise's troubles are the latest for the self-driving vehicle industry. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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