Uber Teams Up with GM's Cruise for Autonomous Vehicles

Uber and General Motors' Cruise have announced a multiyear partnership to bring Cruise autonomous vehicles to the Uber platform. Starting next year, Uber riders may have the option to take a ride in a Cruise autonomous vehicle, specifically a Chevy Bolt-based model.

Uber CEO Dara Khosrowshahi emphasized Uber's role in introducing autonomous technology, while Cruise CEO Marc Whitten highlighted the partnership's potential to enhance urban mobility with safer, driverless technology.

Market Impact: Following the news, $Uber Technologies (UBER.US)$ shares fell 1.79% after-hours to $72, while $General Motors (GM.US)$ shares rose 1.27% to $47.05.