Cruise is being investigated after robotaxi dragged pedestrian

General Motors’ driverless Cruise division is facing investigations by both the Department of Justice (DoJ) and Securities and Exchange Commission (SEC) following an October 2023 incident in which a jaywalking pedestrian was struck by an autonomous Cruise vehicle and then dragged 20 feet, exacerbating her injuries.  

The probes come as Cruise itself released findings yesterday regarding the incident, which also involved another vehicle. The company acknowledged it "failed to...

26 January 2024 | Applications

Di-nied: Chinese ride-hailing giant DiDi denies it’s going private

Chinese ride-hailing giant DiDi has denied a report that it’s considering going private to appease the country’s authorities.

Shares in DiDi (DIDI) spiked by around eight percent following the report from the Wall Street Journal as investors bet on a smoother ride for DiDi going forward.

DiDi, which is backed by Apple, has been targeted by Chinese authorities following its $4.4 billion listing on the New York Stock Exchange (NYSE).

Earlier this month,...

30 July 2021 | Connected Vehicles