Waymo Recall of 1,200 Robotaxis Sparks Concerns; Alphabet's Stock Drops Amid Retail Sell-Off

Alphabet Inc.’s (GOOG, GOOGL) robotaxi unit, Waymo LLC, is recalling 1,212 of its vehicles, citing concerns about potential collision with certain roadway barriers, U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) said.

The recalled vehicles operate Regarding the firm's fifth-generation automated driving system (ADS), some software iterations rolled out prior to November 7 could lead to vehicles colliding with objects such as chains, gates, or similar road obstructions, potentially raising the chance of harm. Nonetheless, the business reported to NHTSA that they did not find any instances of injury connected to this issue.

The recall follows an investigation by the NHTSA in May 2024 following 22 reports of unexpected driving behaviors, including 17 collisions.

After the investigation commenced and eventually reached a critical stage, the firm initiated software enhancements for its entire fleet. This led to a new software version being released on November 7th. By December 26th, this updated software had been rolled out across their whole fleet.

On May 1, the Waymo Safety Board opted to initiate a recall of the software prior to the scheduled release of the driverless software on November 7, 2024, "in order to meet pertinent regulatory reporting requirements."

Currently, Waymo has 1,500 autonomous taxis operating in cities such as San Francisco, Los Angeles, Phoenix, and Austin. The firm aims to introduce these services in additional locations including Atlanta, Miami, and Washington, D.C., by 2026.

Earlier this month, the firm declared its plans for investment in U.S. manufacturing. In collaboration with Magna, they intend to construct a new facility focused on producing autonomous vehicles near Metro Phoenix. This plant will manufacture numerous Jaguar I-PACE models fitted with their complete self-driving tech.

On romero.my.id, the retail sentiment regarding Alphabet decreased from 'extremely bullish' to merely 'bullish' within the last 24 hours, coinciding with a drop in message volume from 'extremely high' to 'high' levels.

GOOG stock has decreased by approximately 16% this year and over 6% in the last 12 months.

Also See: United Airlines Introduces Lavish Polaris Studio Suites, While Retail Traders Have Other Urgent Concerns

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Anjay Put
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