This recall comes after several recent setbacks for Cruise, including a pedestrian collision last month and subsequent false information provided about the incident. Following these incidents, Cruise grounded its entire fleet and hired third-party consultants to investigate. Despite these challenges, Cruise remains committed to improving its software and anticipates more recalls in the future to enhance safety. The company's setbacks have led to a 1.6% drop in GM's stock and a loss of over $700 million for Cruise in Q3 of this year.
Key takeaways:
- General Motors (GM) Cruise has initiated a recall for its 950 driverless cars due to a flaw in the software's collision detection subsystem, which may behave incorrectly after a collision.
- Cruise is working to fix the code across its entire fleet of autonomous vehicles, addressing a "post-collision response" that could increase the risk of injury.
- Despite the recall, Cruise remains committed to improving its software and expects to file additional recalls to enhance safety across its fleet.
- The recall comes after several setbacks for Cruise, including a pedestrian collision last month and a drop in GM's stock. The company has lost over $700 million in the third quarter of this year alone.