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OFFICIAL CALIFORNIA DMV STATEMENT ON CRUISE LLC SUSPENSION

October 24, 2023 The California Department of Motor Vehicles today issued the following statement on the immediate suspension of Cruise LLC’s deployment and driverless testing permits: Public safety remains the California DMV’s top priority, and the department’s autonomous vehicle regulations provide a framework to facilitate the safe testing and deployment of this technology on California public roads. When there is an unreasonable risk to public safety, the DMV can immediately suspend or revoke permits. ....

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KKR taps Temasek exec to head Asia-Pacific equity investment strategy

KKR & Co Inc on Thursday appointed Mukul Chawla, a managing director at Singapore state investor Temasek, to lead the U.S. private equity firm's investment strategy into emerging, high-growth companies in the Asia-Pacific. ....

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