Cruise autonomous vehicle testing restart

Cruise, an autonomous vehicle company backed by General Motors, has restarted testing in Phoenix after a pedestrian-dragging incident in San Francisco. The incident led to layoffs, executive departures, and decreased spending by GM. Despite challenges, Cruise is determined to compete in the autonomous vehicle industry.

Senate candidate Bernie Moreno's decision to stop selling China-made GM vehicles

Republican Senate candidate Bernie Moreno stopped selling China-made GM vehicles after the automaker closed plants in the Rust Belt and expanded production overseas, despite receiving threats from GM executives. Opponent Sen. Sherrod Brown is using a misleading claim as a campaign pitch.

Hertz CEO Resigns After Electric Vehicle Bet Fails

The CEO of Hertz is resigning after a failed bet on electric vehicles, leading to significant financial losses for the company. Hertz had ordered a large number of EVs from Tesla, Polestar, and GM, but faced challenges with low demand, depreciation, and costly repairs. The company incurred a $245 million charge and its biggest quarterly loss since the pandemic. Hertz is now selling off its electric cars due to lack of demand and high repair costs, replacing them with gas-powered vehicles.