General Motors Company

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Investigation Details

GM filed a petition in 2022, with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls such as a steering wheel, brake pedals or mirrors. Then, on July 23, 2024, GM announced that it was indefinitely delaying its planned Origin vehicle, stating that it would instead use a conventional next-generation Bolt electric vehicle as the platform for its planned Cruise robotaxi. Following this news, GM’s stock price dropped over 6% on July 23, 2024.