NEW YORK (AP) — Cruise, the autonomous vehicle unit owned by General Motors, is suspending driverless operations nationwide days after regulators in...
NEW YORK — Cruise, the autonomous vehicle unit owned by General Motors, is suspending driverless operations nationwide days after regulators in California found that its driverless cars posed a danger to public safety.
General Motors Co., which has ambitious goals for Cruise, has taken a significant blow this week. The Detroit automaker had been expecting annual revenue of $1 billion from Cruise by 2025 — a big jump from the $106 million in revenue last year when the company lost nearly $2 billion.
“We welcome NHTSA’s questions related to our safety record and operations," Cruise spokesperson Hannah Lindow said in a statement sent to The Associated Press Friday. "We have cooperated with each of their requests to date as part of the ongoing investigation process and will continue doing so.”With Dollarama outperforming the broader equity markets this year, let’s assess whether the uptrend could continue.
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