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In the first quarter of 2024, several auto giants began to show signs of strength. Undoubtedly, shares of numerous traditional automakers have lost considerable ground in recent years at the hands of macro headwinds.
After suspending operations last fall, Cruise, the troubled autonomous-driving unit of General Motors Co., plans to gradually return to city streets, starting in Phoenix.
According to a report from Bloomberg, General Motors (GM) is set to resume testing of its Cruise robotaxi in Phoenix, Arizona, while Elon Musk announced on Friday in a post on X.com that Tesla (TSLA) will be unveiling its robotaxi on August 8. In addition, Google's (GOOG,GOOGL) self-driving unit, Waymo, has begun to roll out its self-driving unit in Phoenix in conjunction with Uber Eats (UBER).
Cruise—General Motors' self-driving brand—will resume tests for its robotaxi service, the company announced Tuesday, months after Cruise suspended operations amid scrutiny of its driverless cars, which increased after Forbes reported a pedestrian was inadvertently dragged by one of the company's vehicles.
GM's Cruise self-driving car unit will relaunch for the first time since October beginning with a small fleet of human-driven vehicles in Phoenix.
General Motors has redesigned Buick's flagship Enclave SUV as the latest testament to the automaker's ongoing reinvention of the roughly 125-year-old brand.
From a bird's-eye view, it's tempting to dismiss automotive giant General Motors (NYSE: GM ) stock as an anachronistic enterprise. Yes, the legacy automaker has made a strong pivot to electric vehicles.
General Motors' self-driving car unit Cruise is preparing to resume testing its robotaxis with safety drivers in Phoenix, Arizona, Bloomberg News reported on Tuesday.
In the most recent trading session, General Motors Company (GM) closed at $44.34, indicating a +0.25% shift from the previous trading day.