Japanese Automakers Are Using Profits From Hybrids To Fund EVs
Today on Critical Materials: Automakers are funding EV programs by selling hybrids, California wants more control over AVs, and Cruise gets a new safety boss.
Source: insideevs.com
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California regulator to hold hearing on GM self-driving unit Cruise
The California Public Utilities Commission will hold a hearing Tuesday on a bid by General Motors' Cruise unit to resolve the agency's investigation into the robotaxi company's failure to disclose...
Source: marketscreener.com
California regulator to hold hearing on GM self-driving unit Cruise, ET Auto
GM Self-driving Unit Cruise: In December, the commission (CPUC) ordered Cruise to appear, citing the company for misleading it "through omission" on the extent and seriousness of the accident and for "misleading public comments" on interactions with the agency.
Source: indiatimes.com
gm robotaxi: GM to cut spending by $1 billion on robotaxi unit Cruise in 2024
General Motors is cutting spending by about $1 billion on its troubled robotaxi unit Cruise in 2024. Last week, Cruise disclosed probes by the U.S. Justice Department and the Securities and Exchange Commission stemming from an October 2 accident in San Francisco. GM CEO Mary Barra said the company will "refocus and relaunch Cruise" and will soon disclose a timetable for resuming operations.
Source: indiatimes.com
GM to halve spending on troubled robotaxi unit Cruise in 2024
DETROIT, Jan 30 - General Motors said Tuesday it is cutting spending in half on troubled robotaxi unit Cruise, or by about $1 billion in 2024, but said it...
Source: marketscreener.com