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Skip Navigation BREAKING Body of final person missing from sunken superyacht found off Sicily: Report GM-owned Cruise will partner with Uber to offer driverless rides * Livestream CREATE FREE ACCOUNT Markets * Pre-Markets * U.S. Markets * Europe Markets * China Markets * Asia Markets * World Markets * Currencies * Cryptocurrency * Futures & Commodities * Bonds * Funds & ETFs Business * Economy * Finance * Health & Science * Media * Real Estate * Energy * Climate * Transportation * Industrials * Retail * Wealth * Sports * Life * Small Business Investing * Personal Finance * Fintech * Financial Advisors * Options Action * ETF Street * Buffett Archive * Earnings * Trader Talk Tech * Cybersecurity * Enterprise * Internet * Media * Mobile * Social Media * CNBC Disruptor 50 * Tech Guide Politics * White House * Policy * Defense * Congress * Equity and Opportunity * Europe Politics * China Politics * Asia Politics * World Politics Video * Latest Video * Full Episodes * Livestream * Top Video 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Mortgages for Bad Credit * Best Hardship Loans * How to Boost Your Credit Score * SELECT * All Investing * Best IRA Accounts * Best Roth IRA Accounts * Best Investing Apps * Best Free Stock Trading Platforms * Best Robo-Advisors * Index Funds * Mutual Funds * ETFs * Bonds * USA * INTL * Livestream Search quotes, news & videos * Livestream Watchlist SIGN IN Create free account GM-owned Cruise will partner with Uber to offer driverless rides * Livestream CREATE FREE ACCOUNT Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Autos GM-OWNED CRUISE WILL PARTNER WITH UBER TO OFFER DRIVERLESS RIDES Published Thu, Aug 22 20244:07 PM EDTUpdated Thu, Aug 22 20244:18 PM EDT Lora Kolodny@in/lorakolodny/ Michael Wayland@MikeWayland WATCH LIVE ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Key Points * Uber Technologies and General Motors’ Cruise have agreed to a multi-year partnership, under which the embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year. * The announcement comes as Cruise attempts to revive its robotaxi business after the company ceased operations following an October 2023 incident. In this article * UBER-0.86 (-1.17%) * GM+0.54 (+1.16%) Follow your favorite stocksCREATE FREE ACCOUNT A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images Uber Technologies and General Motors’ Cruise have agreed to a multi-year partnership, under which the embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year. The Thursday announcement comes as Cruise attempts to revive its robotaxi business after the company ceased operations following an October 2023 incident in which a pedestrian in San Francisco was dragged 20 feet by a driverless Cruise vehicle after she was first struck by a human driver in another car. State and federal regulators have investigated the incident, which led to an exodus of Cruise leaders including CEO and co-founder Kyle Vogt, as well as significant layoffs. Both Cruise CEO Marc Whitten and Uber CEO Dara Khosrowshahi hailed the partnership in a press release, stressing that the companies believe autonomous vehicles can be deployed safely. “Cruise is on a mission to leverage driverless technology to create safer streets and redefine urban life,” Whitten said in the release. “We are excited to partner with Uber to bring the benefits of safe, reliable, autonomous driving to even more people, unlocking a new era of urban mobility.” Khosrowshahi said in the release that Uber is “thrilled to partner with Cruise and look forward to launching next year.” Cruise declined to provide details regarding its relaunch plans or the terms of its partnership with Uber. READ MORE CNBC AUTO NEWS * Ford delays new EV plant, cancels electric three-row SUV as it shifts strategy * GMC expects to outsell its electric truck competitors as it launches new Sierra pickup * UAW president slams Stellantis CEO over job cuts, alleged price gouging In 2016, Uber aimed to develop its own autonomous vehicle technology and partnered with Volvo to do so. But it abandoned the effort after a 2018 incident, in which an Uber self-driving car struck and killed a woman named Elaine Herzberg as she was walking her bicycle across a road in Tempe, Arizona. The Uber safety driver on board at the time, Rafaela Vasquez, was ultimately held legally liable for the incident. Since then, Uber has emerged as a partner to other autonomous vehicle developers. It has partnered with Google-owned Waymo to offer driverless rides or food delivery to Uber users via robotaxis in Arizona. On Uber’s most recent earnings call, analysts asked the company how the emergence of robotaxis would likely impact the ridehailing giant’s business long-term. Khosrowshahi said on the call that “AV players” experience much higher utilization with Uber than they do “without a network on a first-party basis.” He also predicted there will be a “pretty long hybrid period as autonomous is developing and regulators are trying to figure out exactly how to regulate it.” He added, “We don’t think this will be a winner-take-all market.” Cruise competitor Waymo said this week that it is already delivering 100,000 paid robotaxi rides per week in cities where it operates commercially in the US: San Francisco, Phoenix and Los Angeles. The company is also testing in and plans to expand its service into Austin, Texas. The new partnership isn’t the first time GM has partnered with a ride-haling company. GM invested $500 million in Lyft in early 2016, with plans to eventually develop a fleet of autonomous vehicles that could be summoned using Lyft’s mobile app. That never happened, as GM decided to instead launch its own vehicles and network through Cruise. A Cruise spokeswoman said the company remains focused on relaunching its own driverless ridehailing service and app, despite the Thursday announcement. Cruise is currently conducting supervised autonomous vehicle testing with a safety driver in Phoenix, Dallas and Houston. WATCH LIVESTREAMPrefer to Listen? NOW Squawk Box UP NEXT Squawk on the Street Trending Now 1. Trump could dump his DJT stock within weeks. Here’s what happens if he sells 2. A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist 3. 85-year-old mom who co-signed daughter’s student loan years ago now fears lender may take her house 4. 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