General Motors (GM) seeks to hire back some former employees of its Cruise autonomous vehicle business in a renewed push to develop self-driving cars, David Welch of Bloomberg reports, citing people familiar with the matter. GM’s efforts this time around will focus on autonomous cars for personal use rather than a robotaxi service, sources told Bloomberg. GM first wants to develop hands-free, eyes-free driving with a human in the vehicle, with the ultimate goal being a car that can drive with no one at the wheel, the people added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GM:
- Charged: Tesla disbanding Dojo supercomputer team
- SoftBank buys Foxconn’s Lordstown, Ohio plant, Bloomberg reports
- Aspen Aerogels downgraded to Underweight from Equal Weight at Barclays
- GM to buy batteries from China’s CATL, WSJ reports
- General Motors, Hyundai Team Up on New Models to Tackle Chinese EV Rivalry