🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

U.S. opens probe into GM’s Cruise robotaxi braking, blocking traffic

Published 16/12/2022, 18:34
© Reuters.
GM
-

By Michael Elkins

The National Highway Traffic and Safety Association has opened a probe into General Motors' (NYSE:GM) Cruise robotaxi company to investigate reports that the autonomous vehicles may brake too quickly or unexpectedly stop, potentially stranding passengers.

The agency also has multiple reports of the Cruise robotaxis without human safety drivers becoming immobilized in San Francisco traffic. The reports of immobilized vehicles came from discussions with Cruise, media reports and local authorities, NHTSA said in an investigation document posted Friday on its website.

There have been two reports of injuries related to the hard braking, including a bicyclist seriously hurt last March, according to the NHTSA crash database.

The probe covers an estimated 242 Cruise autonomous vehicles and could bring a recall. “With this data, NHTSA can respond to safety concerns involving these technologies through further investigation and enforcement,” the agency said in a statement.

Cruise spokesman Drew Pusateri said the company is cooperating in the probe, and that its vehicles have driven nearly 700,000 autonomous miles in a complex city with no life-threatening injuries or deaths.

“This is against the backdrop of over 40,000 deaths each year on American roads,” he wrote. “There's always a balance between healthy regulatory scrutiny and the innovation we desperately need to save lives."

“If needed, Cruise personnel are physically dispatched to retrieve the vehicle as quickly as possible,” Pusateri wrote. Such stoppages are rare and have not caused any crashes, he wrote.

GM acquired a majority stake in Cruise when it was a startup in 2016. The company invested to take 80% stake in the company last May.

Shares of GM are down 4.43% in mid-day trading on Friday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.