GM’s Cruise self-driving car unit under investigation by DOJ and SEC

Main points:

• GM’s Cruise self-driving car unit revealed that it is under investigation by the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).
• The investigations are related to an October collision in which one of Cruise’s autonomous vehicles dragged a pedestrian who had previously been hit by another vehicle.
• Cruise disclosed the investigations in a blog post in which the company also pledged to reform its culture due to a “failure of leadership” surrounding the incident.
• The blog post did not provide information about the status of the victim or the scope of the DOJ and SEC probes.

Author’s take:

The GM Cruise self-driving car unit finds itself under scrutiny as it faces investigations by the DOJ and SEC following an accident involving one of its autonomous vehicles. The company has vowed to reform its culture and acknowledged a “failure of leadership” in relation to the incident. As the investigations unfold, it remains to be seen what consequences and changes will be implemented by Cruise and how this will impact the broader self-driving car industry.

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