💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

US transport chief aims to ensure Cruise, other self-driving vehicles safe

Published 11/20/2023, 10:13 AM
Updated 11/20/2023, 11:37 AM
© Reuters. FILE PHOTO: Secretary of Transportation Pete Buttigieg listens as U.S. President Joe Biden speaks about the airline industry and consumer protections from the South Court Auditorium on the White House grounds in Washington, U.S., May 8, 2023. REUTERS/Leah
GM
-

By David Shepardson

WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said on Monday the federal government will do everything it can using existing regulatory powers to ensure that General Motors (NYSE:GM) robotaxi unit Cruise and other autonomous vehicles are deployed safely.

Cruise CEO Kyle Vogt resigned on Sunday, a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet. Cruise pulled all of its vehicles from U.S. testing after an Oct. 2 accident in San Francisco that involved another vehicle and ended with one of Cruise's self-driving taxis dragging a pedestrian.

"We're going to do everything we can with the authorities we do have, which are not trivial," Buttigieg told reporters.

The National Highway Traffic Safety Administration (NHTSA), part of Buttigieg's department, has opened an investigation into whether Cruise is taking sufficient precautions to safeguard pedestrians.

In October, the California Department of Motor Vehicles ordered Cruise to remove its driverless cars from state roads, calling them a risk to the public and saying the company had misrepresented the safety of its technology.

Two dozen unions including the Transport Workers Union of America, International Brotherhood of Teamsters and United Auto Workers this month urged Buttigieg to do more to ensure the safety of autonomous vehicles (AVs), saying that "NHTSA must initiate an industry-wide investigation to determine the true extent of the safety failures behind the scenes."

© Reuters. FILE PHOTO: Secretary of Transportation Pete Buttigieg listens as U.S. President Joe Biden speaks about the airline industry and consumer protections from the South Court Auditorium on the White House grounds in Washington, U.S., May 8, 2023. REUTERS/Leah Millis/File Photo

Cruise's woes are a setback for an industry dependent on public trust and the cooperation of regulators. The unit had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides.

Cruise competes with Alphabet (NASDAQ:GOOGL)'s Waymo in deploying autonomous vehicles and had been testing hundreds in several cities across the United States, notably its home of San Francisco.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.