GM Shares Dip 6% After Halting Cruise Self-Driving Cars

ToplineShares of General Motors fell over 6% on Tuesday, pacing the company’s worst day in nearly a year after production of an autonomous vehicle from its self-driving unit Cruise was delayed indefinitely, after the car—which doesn’t have a steering wheel or pedals—faced years of delays, and Cruise endured scrutiny after a pedestrian was struck by another company car.A delay will lower costs and address “regulatory uncertainty” around the vehicle, the company said. Getty Images Key FactsGM shares dropped t ...