Cruise and GM's Layoffs: Self-Driving Workforce Slashed by 25%
Cruise, the autonomous vehicle company backed by General Motors, has laid off 900 workers and dismissed nine top leaders in an effort to salvage years of technological progress. Meanwhile, Superpedestrian, a scooter-sharing startup, has abruptly shut down its U.S. operations and is exploring the sale of its European business. The shared micromobility industry has proven to be challenging, with companies like Bird and Micromobility.com facing financial difficulties. In other transportation news, several deals were announced, including investments in sustainable aviation fuel, new energy vehicle fleet management, EV charging solutions, and electric motorcycle battery swapping. Additionally, there are updates on autonomous vehicle regulations in China, Waymo's expansion, and the push for anti-drunk-driving technology in cars.