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Market Chatter: General Motors Rehires Over 100 Former Cruise Team Members

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General Motors (GM) has rehired more than 100 members of its Cruise unit's team 18 months after killing off the self-driving vehicle unit, The Information Electric reported Thursday, citing Rashed Haq, GM's vice president of autonomous vehicles.

The hiring spree, which also includes workers hired away from Nvidia (NVDA), Uber Technologies (UBER) and Amazon's (AMZN) Zoox, reflects the company's move toward self-driving cars for consumers' personal use and away from the driverless ride-hailing business, Haq said, according to the report.

The reconstituted group's first project will be an electric Cadillac that allows the driver to operate the car on highways while not touching the wheel or watching the road, the report said. GM plans to release it in 2028, with additional models to follow, the report added.

GM didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $83.50, Change: $+1.80, Percent Change: +2.20%

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