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home / articles / TECH - Red Light For Robotaxis: Waymo Expansion Hit Brakes Due To Safety Concerns | Benzinga


TECH - Red Light For Robotaxis: Waymo Expansion Hit Brakes Due To Safety Concerns | Benzinga

Recently, a California regulator has decided to suspend Waymo‘s (NASDAQ:GOOGL) expansion plans for its robotaxi services. The decision is a result of the increasing safety concerns surrounding autonomous vehicles.

What Happened: The California Public Utilities Commission (CPUC) has postponed Waymo’s application to extend its driverless services to parts of Los Angeles and San Francisco’s peninsula. The suspension will be in effect until June 19, as reported by Reuters on Wednesday.

Waymo’s application, submitted on Jan. 19, has been “suspended for further staff review,” according to the CPUC website. The application was not approved within the initial 30-day review period, leading to the suspension. This period can last for up to 120 days and can be extended for an additional 180 days if the application is not approved, rejected, or withdrawn.

See Also: EV Maker Rivian Navigates Death Cross Ahead Of ...

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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