Nov. 21, 2023 6:31 am ET
Step on the accelerator with driverless vehicles and you scare off regulators and the public, but hit the brakes and you lose financial backers. It won’t be an easy balance for Cruise to strike as it looks for a route out of today’s crisis.
The autonomous-taxi venture 80%-owned by General Motors has lost both its co-founders since Sunday, including Chief Executive Officer Kyle Vogt. The resignations, which capped a tumultuous few weeks since the suspension of Cruise’s autonomous-driving permit by the California Department of Motor Vehicles, might make it easier to convince regulators that the business can make a fresh start.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Continue reading your article with
a WSJ subscription
Already a subscriber? Sign In
What to Read Next
- TurboTax:
Save up to $15 with TurboTax coupon 2023 - The Motley Fool:
Epic Bundle - 3x Expert Stock Recommendations - H&R Block Tax:
Get 20% off H&R Block tax software products - Top Resume:
Top Resume Coupon: 10% off professional resume writing - eBay:
eBay coupon: Get extra 10% off $50+ - Groupon:
Black Friday Sale: Up to 85% off all local purchases with Groupon coupon