Get 40% Off
🚀 Our AI Picked 6 Stocks that Jumped +25% in Q1. Which Picks Will Soar in Q2?Unlock full list

Waymo gets green light for LA robotaxi service despite city objections

Published 2024-03-04, 06:13 a/m
Updated 2024-03-04, 11:15 a/m
© Reuters.  Waymo gets green light for LA robotaxi service despite city objections

Proactive Investors - Autonomous vehicles company Waymo, a sister company of Google (NASDAQ:GOOGL), has been authorized to launch its robotaxi service in Los Angeles County.

Despite the California Public Utilities Commission's approval, local leaders have raised safety concerns following a tumultuous start in San Francisco, while sector experts say there remain significant challenges for the company to operate in the city, including that it does not have permission to carry the public on freeways.

The company's foray into Los Angeles, America's second-largest city, has not been without incident. On the first day after authorization, an attempted grand theft auto occurred when a man tried to steal a Waymo vehicle in downtown Los Angeles and was arrested by the LAPD.

LA County Supervisor Janice Hahn said in a statement to the media that the CPUC's approval was "a dangerous decision" and: "These robotaxis are far too untested and Angelenos shouldn’t be big tech’s guinea pigs."

A Waymo spokeswoman said: "As always, we'll take a careful and incremental approach to expansion by continuing to work closely with city officials, local communities and our partners to ensure we’re offering a service that’s safe, accessible and valuable to our riders."

Waymo, which has been operating a limited invitation-only service in LA since last year, has been able to offer paid rides in nearby San Francisco since last August and in Phoenix, Arizona since 2020.

It has a good safety record but has not been totally without issues, with one of its vehicles reported to have killed a dog and another struck and injured a cyclist.

Rival robotaxi company Cruise, owned by General Motors Company (NYSE:NYSE:GM), lost its licence to operate in California after less than a year after hitting a pedestrian.

Read more on Proactive Investors CA


Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.