Stock Groups

GM’s Cruise gets permit to give driverless rides to passengers in San Francisco By Reuters

[ad_1]

© Reuters. FILE PHOTO: A Cruise self-driving car, which is owned by General Motors Co, 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/File Photo

SAN FRANCISCO (Reuters) – General Motors Co (NYSE:)’s Cruise self-driving car subsidiary said on Thursday it has become the first company to receive a permit to deploy driverless ride-hailing services from the California Department of Motor Vehicles.

Although Cruise could offer free rides with its new permit, it must obtain another permit through the California Public Utilities Commission before charging customers for rides.

Reuters in May reported that Cruise and Alphabet (NASDAQ:) Inc’s Waymo had applied for approval from the California DMV to deploy their self-driving vehicles in San Francisco, setting the stage for the biggest tests yet of the technology in a dense urban environment.

Waymo applied in January for approval to deploy autonomous vehicles with drivers, while Cruise submitted driverless operation applications in March. Waymo did the same in January.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions 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 Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is among the most risky investment options. Please make sure you are fully aware of all the costs and risks involved.



[ad_2]