Name: GM Robo Taxi Unit CEO Resigns
Uploaded: 2023-11-20T16:49:22.214-06:00
Duration: 5 min 48 s
Description: The CEO of GM's robot taxi unit Cruise has resigned after it had to pause operating in California. A self-driving GM car allegedly hit a pedestrian recently, amid other safety concerns for the unit. However, GM estimates that Cruise will generate $50B in annual sales by 2030. Jeff Pierce joins the program to discuss GM and Uber, which has proposed $1.2B in convertible senior notes due in 2028.

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The CEO of GM's robot taxi unit Cruise has resigned after it had to pause operating in California. A self-driving GM car allegedly hit a pedestrian recently, amid other safety concerns for the unit. However, GM estimates that Cruise will generate $50B in annual sales by 2030. Jeff Pierce joins the program to discuss GM and Uber, which has proposed $1.2B in convertible senior notes due in 2028.

GM Robo Taxi Unit CEO Resigns

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