Hyperdrive
GM’s Cruise Halts Robotaxi Fleet After California Suspension
- California license was suspended after series of accidents
- Cruise has burned through $1.4 billion in cash this year
Federal regulators with the National Highway Traffic Safety Administration have also opened an investigation into Cruise.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
General Motors Co.’s driverless taxi unit Cruise has grounded its entire fleet just days after its license was suspended by California, in a major setback for the company which has been laying the groundwork to expand to multiple US cities and Japan.
California’s Department of Motor Vehicles on Tuesday suspended Cruise from operating driverless cars in the state and accused the company of withholding crucial video of an accident involving a pedestrian in San Francisco.