"GM's Cruise Under Multiple Investigations Following Pedestrian Collision"

Cruise, the GM self-driving subsidiary, is facing investigations by the Department of Justice and the Securities and Exchange Commission following an incident where a pedestrian was struck and dragged by one of its robotaxis. An internal report by law firm Quinn Emanuel Urquhart & Sullivan revealed poor leadership and mistakes in judgment, leading to the loss of the company's robotaxi permit. The report highlighted a lack of disclosure and missteps by Cruise leadership, as well as a strained relationship with regulators, as contributing factors to the company's problems.