Exclusive-GM's Cruise CEO offers apology, will allow share sales - email

Technology

FILE PHOTO: A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco

April 26, 2024

Greg Bensinger, Hyunjoo Jin - Reuters

By Greg Bensinger and Hyunjoo Jin

SAN FRANCISCO (Reuters) - The CEO of Cruise, General Motors’ robot taxi unit, on Saturday apologized for the company's situation following an accident that led to the pause of its self-driving vehicle operations.

In an email to staff seen by Reuters, Cruise CEO Kyle Vogt said the firm will make a new tender offer to allow employees to sell shares, just two days after cancelling its earlier offer.

(Reporting by Greg Bensinger and Hyunjoo Jin; Editing by Cynthia Osterman)

Stock market today: Asian stocks mixed ahead of US inflation data Nippon Steel wants to work with Trump administration on US Steel deal, Mori tells WSJ ECB betting on services prices to get inflation back to target, Lane says

Asia|Business|Science|Technology|World

Two private lunar landers head toward the moon in a roundabout journey

SpaceX has launched a pair of lunar landers for U.S. and Japanese companies looking to jumpstart business up there

Asia|Business|Economy|Political|US

US importers rush in goods from China as Trump tariff threat looms

U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics

Asia|Business|Economy|Technology

Japan's Makino Milling requests changes to unsolicited bid from Nidec

Japanese machine tool manufacturer Makino Milling Machine said on Wednesday that it asked Nidec to make changes to an unsolicited takeover bid announced last month.