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Stock impact report

General Motors Axes OnStar Smart Driver System After Privacy And Insurance Complaints [Forbes]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Forbes
all of its vehicles, doing so after complaints surfaced about privacy violations and how user information was shared with data analytics companies LexisNexis and Verisk. The General Motors logo is displayed at a Chevrolet dealership on Aug. 4, 2021 in Burbank, ... [+] California. (Photo by Mario Tama/Getty Images) Smart Driver users will be unenrolled from the program in addition to the software being removed from GM vehicles, the statement said. LexisNexis and Verisk shared personal data with insurance companies as part of the Smart Driver program, reported, noting some GM vehicle owners didn't know they consented to the program or that their insurance rates increased because of it. Detailed information on drivers' habits and activity, including rapid accelerations and hard braking, were used to create a risk score for insurance companies to use as a factor in creating “more personalized insurance coverage,” LexisNexis spokesman Dean Carney told the Times. Smart Driver, whi Show less Read more
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