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GM looking at the best path to unlock value at Cruise, CEO Barra says, ET Auto

However, GM's Barra asserted on Tuesday that "we had already demonstrated and validated externally that Cruise technology is already safer than a human driver."General Motors Chief Executive Mary Barra said on Thursday that the automaker was looking at the best path to unlock value at its self-driving unit Cruise.Shares of GM rose about 2%.Cruise is an "incredibly valuable asset", Barra said at an event hosted by Wolfe Research.The Detroit automaker will focus on

BMW Group partners with Dassault Systemes for shared innovations in future engineering, ET Auto

The two companies have pooled their knowledge and know-how to advance technological innovation in areas including production planning and scheduling, part design and production efficiency.Velizy Villacoublay, France and Munich: Dassault Systemesand BMW Group have embarked on a long-term strategic partnership to develop BMW Group’s future engineering platform featuring Dassault Systemes’ 3DEXPERIENCE platform at its core. More than 17,000 employees across multiple

GM’s Cruise robotaxi unit dismisses nine execs after safety probe, ET Auto

GM's CrusieGeneral Motors' Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, according to a memo seen by Reuters on Wednesday, which the company confirmed included Chief Operating Officer Gil West.The investigation relates to an Oct. 2 incident in which a woman was struck and dragged by a Cruise vehicle in San Francisco.The shakeup follows weeks of turmoil at the robotaxi unit, which had to pull all its vehicles from testing in the

Driverless vehicles on limited routes bump along despite US robotaxi scrutiny, ET Auto

Despite recent setbacks for driverless technology this year and more regulatory focus expected ahead, some companies have managed to win investments.A quest for lower costs and efficiently moving goods and groups of people is pushing demand for driverless technology in trucks and shuttles, even as robotaxis battle renewed doubts after an October accident involving a General Motors Cruise car. Pittsburgh, Pennsylvania-based Aurora and California startup Gatik are among

Cruise’s Kyle Vogt resigns as CEO of the robotaxi company

Cruise co-founder and CEO Kyle Vogt has resigned. In his announcement on X, the 38-year-old exec expressed that "the last 10 years have been amazing," while reminding us that "the startup I launched in my garage has given over 250,000 driverless rides across several cities." As to what Vogt is doing next, he plans on taking a break first to "explore some new ideas." Vogt had previously co-founded video platforms Justin.tv, Twitch and Socialcam.According to TechCrunch, General Motors has since promoted Mo Elshenawy,…

Cruise is also pausing its manned robotaxi rides for ‘a full safety review’

Following the pedestrian collision on October 2nd, Cruise had its driverless vehicle permit revoked in California, but the company is now also voluntarily pausing its supervised and manual robotaxi operation in the US "in the coming days." This will be part of an expanded safety probe conducted by independent engineering consulting firm, Exponent, which originally came on board to focus on "a technical root cause analysis" of the aforementioned accident. The suspended manual operation will apparently affect around 70…

Minus Zero unveils India’s first fully autonomous vehicle, Auto News, ET Auto

Minus Zero was co-founded in 2021 by Gagandeep Reehal and Gursimran Kalra, to enable safe and scalable autonomous driving via their proprietary approach to AI called NIA.New Delhi: Minus Zero, an artificial intelligence (AI) startup, unveiled Sunday what it claimed is India’s first autonomous vehicle based on a camera-sensor suite. The concept vehicle named zPod was designed and developed by the proprietary technological innovative concepts of Nature Inspired AI (NIA) and

Musk says Tesla likely to launch full self-drive technology ‘this year’, ET Auto

Elon Musk, Co-founder and CEO of Tesla.Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it's facing due to aggressive price cuts."I hesitate to say this but I think we'll do it this year," said Tesla CEO Musk, speaking on a conference. Musk has missed his previous targets to achieve self-driving capability dating back years.

Self-driving startup Venti raises $28.8 million to speed up growth

The solution developed by this collaboration accelerates the companies’ clients’ time to market. Clients will also save development costs for integration by using a complete solution with ready assets and accelerators that is globally available through a cloud infrastructure.Self-driving startup Venti Technologies said on Tuesday it has raised $28.8 million in Series A funding to speed up the growth of its autonomous vehicle (AV) business for customers the logistics and supply chain industry. Investors in the funding…