Uber Technologies, Inc. ( UBER ) and General Motors Company's ( GM )Cruise announced on Thursday a multiyear strategic partnership to bring Cruise autonomous vehicles to the Uber ( UBER ) platform.
The Details: The companies plan to launch the partnership next year with a dedicated number of Chevy Bolt-based autonomous vehicles. Once the program is launched, an Uber ( UBER ) rider may be presented with the option to have that trip fulfilled by a Cruise autonomous vehicle.
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“As the largest mobility and delivery platform, we believe Uber ( UBER ) can play an important role in helping to safely and reliably introduce autonomous technology to consumers and cities around the world,” said Dara Khosrowshahi, Uber's ( UBER ) CEO.
As of June 2024, Cruise has resumed supervised autonomous driving in Phoenix, Arizona, and Houston and Dallas, Texas, in addition to its ongoing testing in Dubai.
“Cruise is on a mission to leverage driverless technology to create safer streets and redefine urban life,” said Marc Whitten, CEO of Cruise. “We are excited to partner with Uber ( UBER ) to bring the benefits of safe, reliable, autonomous driving to even more people, unlocking a new era of urban mobility.”
UBER ( UBER ), GM Price Action: According to Benzinga Pro, Uber ( UBER ) shares are down 1.79% after-hours at $72, and General Motors ( GM ) shares are up 1.27% at $47.05 at the time of publication Thursday.
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