GM's Cruise pauses driverless operations
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 27 October 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Friday, October 27th, and I'm your host Julie Morgan. |
| 0:12.0 | General Motors is pressing the pause button on one of his operations. |
| 0:16.0 | Amazon beats earnings estimates and Mossimo comes out on top in a case against Apple. |
| 0:22.0 | General Motors crews... out on top in a case against Apple. |
| 0:23.0 | General Motors crews self-driving unit said late Thursday that it's pausing operations of its autonomous vehicles. |
| 0:31.0 | The company had already suspended driving in San Francisco. |
| 0:34.9 | The announcement came at 9 p.m. Thursday on X, the platform formerly known as Twitter. |
| 0:40.5 | The company said in a tweet that the most important thing for them right now is to take steps to rebuild public trust. |
| 0:47.0 | The statement went on to say that part of that involves taking a hard look within, including how they do work at crews even if it means |
| 0:55.0 | doing things that are uncomfortable and difficult. The initial phase that began on |
| 1:00.2 | October 24th followed the California Department of Motor Vehicles suspending |
| 1:04.8 | cruises deployment and driverless testing permits. |
| 1:08.3 | The suspension was prompted by an October 2nd incident in San Francisco in which a woman was hit by a vehicle driven by a human driver. |
| 1:16.4 | According to multiple reports, that impact then threw her into the path of a cruise AV. |
| 1:22.0 | The AV ended up pinning the woman underneath. The other |
| 1:25.0 | vehicle left the scene. In a post on X, crews said the pause is not related to any new on-road |
| 1:31.6 | incidents. The post also said that supervised AV operations will continue. |
| 1:38.7 | Amazon is up 6% in pre-market action. This after the company on Thursday reported that it |
| 1:44.6 | topped expectations for the third quarter, riding the strength of retail sales even |
| 1:49.8 | amid disappointing growth at the Amazon Web Services Unit. |
| 1:54.0 | Amazon reported earnings per share of 95 cents |
... |
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