Stock Groups

California issues permits to Cruise, Waymo for autonomous vehicle service -Breaking

[ad_1]

2/2
© Reuters. A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. REUTERS/Heather Somerville

2/2

By David Shepardson

WASHINGTON, (Reuters) – The California Public Utilities Commission issued Monday permits for self-driving vehicles of General Motors and Alphabet (NASDAQ.) Inc. This allows passengers to use autonomous vehicles without safety drivers.

According to CPUC, the GM units Cruise and Alphabet’s Waymo have Drivered Deployment Permits that allow them to take fares from passengers and offer shared rides. Before the announcement, Waymo and Cruise were only permitted to offer passenger service on a temporary basis. No fare collection was allowed.

On Monday, Cruise can provide “Drivered Deployment”, a service that travels along some San Francisco roads at 30 MPH. Waymo, on the other hand, is allowed to service parts of San Francisco County at 65 MPH. Both companies are prohibited from operating during heavy fog, heavy rain.

Earlier in the month, Cruise and GM petitioned U.S. regulators to allow them to operate a small number of self-driving cars without any human control like brake pedals or steering wheels.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]