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General Motors' Cruise autonomous vehicle unit has recalled 300 robotaxis to update software after one of them rear-ended a municipal bus in San Francisco. Cruise says in government documents posted Friday that the robotaxi inaccurately predicted how the bus would move as it pulled out of a bus stop on March 23. The articulated two-section bus slowed as it was leaving the stop and was hit by the self-driving vehicle. Cruise characterised the crash as a fender-bender and said no one was hurt. The company says in documents sent to the National Highway Traffic Safety Administration that it did the software update on March 25. Cruise determined that the collision was caused by an issue related to prediction of the unique movements of articulated vehicles in rare circumstances, the company said in documents. The company said no other crashes have happened due to the problem and that the same thing won't happen again after the update. Cruise said it did the recall to be transparent and
Rising factory output led to strong U.S. sales at the end of last year, pushing General Motors' fourth-quarter net income up 16% over the same period a year ago. The Detroit automaker made $1.99 billion from October through December, or an adjusted $2.12 per share, easily beating Wall Street per-share projections for $1.69, according to a poll of industry analysts by FactSet. Quarterly revenue rose 28% to $43.1 billion, the company said, also beating estimates for $39.96 billion. Shares of General Motors Co. jumped 4.6% before the opening bell Tuesday. GM made record pretax income of $14.47 billion, the high end of its guidance of $13.5 billion to $14.5 billion. About 42,000 hourly auto workers will get profit-sharing checks of roughly $12,750, up from $10,250 in 2021. The profit sharing will cost GM about $500 million. The company also announced that it will invest $650 million in Lithium Americas to jointly develop the Thacker Pass lithium mine in Nevada. Lithium is a key ele
General Motors is recalling more than 825,000 SUVs and cars in the US and Canada because the daytime running lights may not turn off when the headlights are on. The recall covers certain 2022 and 2023 Cadillac Escalade, Chevrolet Silverado 1500, Chevrolet Suburban and Tahoe, GMC Sierra 1500 and GMC Yukon SUVs. Also included are Cadillac CT4s and CT5s from the 2020 to 2023 model years, as well as Buick Envisions from 2021 to 2023. GM says in documents posted Wednesday by US safety regulators that daytime running lights that stay on with headlights can cause glare for other drivers, increasing the risk of a crash. Dealers will update software, or it will be updated online. Owners will be notified by letter starting January 23. The recall announced Wednesday adds more vehicles to a recall of 340,000 big SUVs in November.