ination guides, and the latest travel industry updates.">
Monday, February 24, 2025
HomeCruiseCruise Suspends Employee Share Program, Citing Need to Revalue Business

Cruise Suspends Employee Share Program, Citing Need to Revalue Business

General Motors’ self-driving car unit Cruise has paused its U.S. operations after California regulators called its vehicles unsafe. WSJ reporter Ryan Felton explains what this decision means for the future of autonomous vehicles and rivals like Google’s self-driving unit Waymo. Photo: Elijah Nouvelage/Reuters
General Motors ’ Cruise is suspending an internal program that allows employees to cash out shares in the driverless-car company, citing the need to revalue the business after a pedestrian accident led it to halt robotaxi services last month.
Cruise notified employees of the decision Thursday in an email from Chief Executive Kyle Vogt , which was viewed by The Wall Street Journal. The autonomous-driving startup, majority owned by GM, told employees that the regular quarterly offer to sell shares would be canceled as it re-evaluates the program.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

Start earning money, learn useful skills: http://google.com NNNkjyfvbLLL 6882531 on FanDuel Ohio Promo Code: Sign up now to be set for launch
Translate »
×