A third-party investigation into GM's Cruise autonomous vehicle unit found issues with company culture, leadership failure, and a lack of transparency following an October accident in San Francisco. The probe interviewed 88 Cruise employees and reviewed over 200,000 documents relating to the incident and its aftermath. While finding no intent to deceive regulators, it outlined mistakes and an "us vs them" attitude that prevented full disclosure of accident details.
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00:00 It's Benzinga and here's what's on the block.
00:02 A third-party investigation into GM's Cruise Autonomous Vehicle Unit found issues with
00:06 company culture, leadership failure, and a lack of transparency following an October
00:10 accident in San Francisco. The probe interviewed 88 Cruise employees and reviewed over 200,000
00:15 documents related to the incident and its aftermath, while finding no intent to deceive
00:19 regulators and outline mistakes and an "us versus them" attitude that prevented full
00:22 disclosure of accident details. Some Cruise representatives failed to properly update
00:26 regulators and attempted to deflect blame following the issues by showing the incident
00:30 video to officials. For all things money, visit Benzinga.com.