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Daily Newsletter

29 November 2023

Daily Newsletter

29 November 2023

GM to slash spending on Cruise – report

Follows announcement of scaled back relaunch in single city

Dani Cole November 29 2023

General Motors will cut spending on its autonomous driving unit Cruise, the Financial Times newspaper reports.

It follows an accident in October this year involving a pedestrian, and the recent announcement Cruise would relaunch in a single, unspecified city as the firm looks to regain public trust.

Earlier this month Cruise paused its operations in the US and expanded its safety review after being ordered off public roads by the State of California.

Smart parking market expected to grow at a CAGR of 13.2% by 2030

Urbanization and population growth are the major drivers of the smart parking market as they have a significant impact on parking demand, traffic congestion, and the need for efficient urban infrastructure. Smart parking systems assist in optimizing the use of current parking facilities by providing real-time information on available spaces and decreasing the time and effort spent looking for parking. Automated parking systems and automobile stacking technologies optimize land usage by requiring less space for the same number of parked vehicles.

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