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home / articles / TECH - California Judge Urges GM's Cruise To Raise Settlement Offer By 1.5x In Robotaxi Accident Case | Benzinga


TECH - California Judge Urges GM's Cruise To Raise Settlement Offer By 1.5x In Robotaxi Accident Case | Benzinga

General Motors (NYSE:GMautonomous vehicle division, Cruise, was urged to increase its settlement offer in a California hearing about a severe accident involving one of the company’s autonomous taxis.

What Happened: According to a report by Teslarati, a Cruise self-driving vehicle was involved in a serious accident with a pedestrian in San Francisco in October last year. The incident led to the immediate suspension of Cruise’s license to operate autonomous vehicles by the California Department of Motor Vehicles (DMV). The DMV later accused Cruise of withholding and misrepresenting crucial details about its response to the accident.

During a hearing on Tuesday, California Administrative Law Judge Robert Mason III suggested that Cruise should increase its settlement offer to the maximum penalty of $112,500. He referred to Cruise’s proposed amount as “low” and hinted that the company was seeking a “discount.”

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Full story available on Benzinga.com

Stock Information

Company Name: Bio-Techne Corp
Stock Symbol: TECH
Market: NASDAQ
Website: bio-techne.com

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