Cruise to deploy its autonomous vehicles on the ride-sharing platform
Uber and backed by General Motors Cruise said Thursday that Cruise will deploy its autonomous vehicleUber will join the ride-sharing company’s platform as part of a multi-year agreement. The partnership, which will launch next year, will allow Uber passengers to choose a ride using a Cruise autonomous vehicle. Managing director rose more than 1% in extended trading, while Uber fell 3%.
Uber has been offering self-driving cars in Phoenix since October last year through a deal with Alphabet’s Waymo. The latest partnership with Cruise comes as Tesla CEO Elon Musk is set to unveil his long-delayed plans for a robotaxi product in October amid a slowdown in demand for electric vehicles. Cruise is trying to find its way back onto U.S. roads after a major crash last year forced the company to halt operations.
Earlier this year, it resumed testing with safety drivers as it works to reassure state and federal officials about the safety of its vehicles. Separately, Cruise agreed Thursday to recall nearly 1,200 robotaxis over harsh braking issues, the U.S. auto safety regulator said, agreeing to close an investigation into the problem. Waymo, which has about 700 vehicles in its fleet, is the only U.S. company that operates unmanned robotaxis that charge fees.
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