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Stock impact report

GM Ends OnStar Driver Safety Program After Privacy Complaints [BNN Bloomberg (Canada)]

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: BNN Bloomberg
OnStar had cut deals with LexisNexis and Verisk to share personal driving data as part of the program, which they then shared with insurance companies. The idea was that safe drivers would get better rates. Some GM vehicle owners said they either didn't know they had consented to the program or that their rates went up. With complaints piling up in recent weeks, GM ended Smart Driver, the company said in a statement Wednesday. The New York Times also reported last month that GM had been sharing data on driving behavior with the insurance industry for years. The decision marks the latest setback for GM, which has been trying to reinvent itself as a technology platform company. Its electric-vehicle program has been slow to ramp up due to production problems. The automaker's Cruise self-driving car unit grounded service after an October incident in which a pedestrian was struck and dragged. Additionally, GM had to halt sales of its electric Chevrolet Blazer after replacing Apple Show less Read more
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