general motors - Tech News from Simmons Systems

Tech News from Simmons Systems

general motors

A collection of 29 posts

General Motors Ends Funding for Cruise Autonomous Taxi Division

General Motors officially stops funding its self-driving subsidiary Cruise, shifting focus away from autonomous robotaxis to advanced driver assistance systems for personal vehicles. The company navigates this transition after a troubled history involving safety incidents and leadership changes.

electric vehicles

Transportation Tech Faces Harsh Reality as EV and AV Hype Fades in 2024

The once-booming electric vehicle and autonomous vehicle sectors experience a major reality check in 2024 as startups falter and major automakers scale back ambitious plans.

Cruise CEO Resigns After Safety Crises Ground Robotaxi Fleet

Kyle Vogt steps down as head of General Motors' self-driving unit Cruise following a series of pedestrian accidents and regulatory crackdowns. Despite the turmoil and billions in losses, GM remains committed to its autonomous vehicle ambitions.

Cruise Co-Founders Resign Following Robotaxi Suspension

Cruise co-founders Kyle Vogt and Dan Kan step down from the self-driving vehicle company amid an ongoing regulatory crisis. General Motors quickly appoints new leadership to steer the troubled autonomous vehicle unit.

Cruise Lays Off Fleet Support Staff Following Robotaxi Permit Suspensions

Cruise initiates layoffs of contingent workers who support its driverless fleet after pausing all unattended operations. The job cuts follow the suspension of the company's permits due to a disturbing incident in San Francisco.

electric vehicles

Electric Vehicle Market Poised for Major Expansion in 2023

The electric vehicle industry accelerates into 2023 with new tax incentives, a surge in U.S.-built models, and a broader range of affordable options for everyday consumers.

New EV Tax Credit Rules Eliminate 70% of Previously Eligible Vehicles

The newly signed Inflation Reduction Act immediately restricts EV tax credits to vehicles assembled in North America, cutting out about 70% of previously eligible models. Only around 20 models from manufacturers like Ford, BMW, and Nissan currently qualify for the $7,500 credit.

Cruise Wins Approval to Charge for Driverless Robotaxis in San Francisco

General Motors' Cruise receives a landmark permit to commercially operate driverless robotaxis in San Francisco. The service faces strict initial limits on hours and location but paves the way for 24/7 paid rides.

Cruise Wins Approval to Charge for Driverless Robotaxi Rides in San Francisco

General Motors' Cruise receives a critical permit to commercially operate driverless robotaxis in San Francisco. The company currently faces strict overnight limits but plans to expand to full citywide service soon.

Cruise Opens Driverless Robotaxi Fleet to San Francisco Public

GM-backed Cruise now allows everyday San Francisco residents to sign up for free driverless rides. The company aims to scale this limited public launch into a massive $50 billion annual revenue business by 2030.

Rivian's Massive IPO Valuation Overshadows Better EV Stocks

Rivian hits a nearly $100 billion market cap despite low production, prompting analysts to favor General Motors, ChargePoint, and Lucid as superior investments.

Cruise Launches First Driverless Robotaxi Rides in San Francisco

Cruise operates fully driverless robotaxis in San Francisco for employees and select members of the public at no charge. The service runs overnight under a strict state permit while the company prepares for a future commercial launch.

Cruise Launches First Driverless Robotaxi Rides in San Francisco

Cruise begins operating fully driverless robotaxis in San Francisco for employees and select members of the public at no charge. The company navigates strict state permitting rules as it works toward a commercial launch next year.

Cruise Launches First Driverless Robotaxi Rides in San Francisco

Cruise officially deploys autonomous vehicles in San Francisco without a human driver, initially offering free rides to employees and select members of the public. The service currently operates only at night due to state permit restrictions.

GM Expects Fully Driverless Cruise Robotaxis to Launch in 2022

General Motors CEO Mary Barra expresses strong confidence that Cruise will remove human drivers from its vehicles in 2022 as it prepares for early commercial operations. The company currently waits on just one final state permit to begin charging for driverless rides in San Francisco.