Taxis aren't part of CRE, but they do often play a big role in commercial real estate, with getting rides to or from retail or dining or businesses or apartments. When things go wrong with taxis, it has an impact. And that's been happening over the last week or so in the context of robotaxis.
Cruise is a division of General Motors that has been making self-driving vehicles to act as robotaxis. Back in 2022, the National Highway Traffic Safety Administration opened an investigation into the company because of reports of some crashes involving the devices being rear-ended.
According to an Ars Technica report at the time, in a few cases, some of the units would hit the brakes hard if another vehicle was coming up from behind, resulting in that other vehicle rear-ending the robotaxi. There were two injuries in three accidents.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
