Tag: General Motors

GM Halts Controversial Driving Data Sharing Practice

General Motors (NYSE: GM) announced on Friday that it has stopped sharing details about how customers drive its vehicles with two data brokers, LexisNexis Risk Solutions and Verisk. These companies had been creating risk profiles for the insurance industry based on the data provided by GM.

The decision comes after a recent New York Times report revealed that GM had been sharing data about drivers’ mileage, braking, acceleration, and speed with the insurance industry for years. This data was collected through the OnStar Smart Driver feature in GM’s internet-connected cars, which some drivers claimed they were enrolled in unknowingly.

According to the report, some drivers experienced increased insurance rates as a result of the data captured and shared with the brokers, who then sold it to insurance companies.

One Florida man, Romeo Chicco, filed a class-action complaint against GM, OnStar, and LexisNexis this month after his insurance rates nearly doubled due to the collected driving data from his Cadillac, according to a separate report by The Times.

GM spokeswoman Malorie Lucich said in an emailed statement that customer trust is a priority, and the company is “actively evaluating our privacy processes and policies.”

As of 2022, more than eight million vehicles were included in the Smart Driver program, which, also according to The Times, generated annual revenue in the low millions of dollars for GM.


Information for this story was found via The New York Times, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

General Motors CEO Mary Barra Remains Focused On EVs

March 31, 2024, 09:29:00 AM

GM Halts Controversial Driving Data Sharing Practice

March 25, 2024, 03:01:00 PM

Apple CarPlay “Will Take Over All Of The Screens” Says Lawsuit

March 22, 2024, 10:13:39 AM

General Motors to Lay Off 1,300 Workers, Shake Up Leadership in Cruise

December 15, 2023, 07:23:59 AM

Ford’s Farley Takes A Swipe At GM’s CarPlay Excuses

December 14, 2023, 04:27:00 PM

Cruise CEO Kyle Vogt Walks Away from the Robotaxi Company He Founded

November 20, 2023, 09:40:00 AM

Cruise’s Tumultuous Cruise To Self-Driving Cars

November 7, 2023, 06:39:00 AM

Has EV Production Peaked?

November 6, 2023, 04:19:00 PM

GM Beats Q3 2023 Estimates But Sees Income Decline Due To UAW Strike, Retracts Forecasts

October 24, 2023, 09:32:20 AM

Unifor Reaches Deal with GM After Just Hours of Striking

October 11, 2023, 02:04:00 PM

Unifor Launches Strikes Against General Motors In Canada

October 10, 2023, 09:52:55 AM

Auto Workers, Automakers Back To Negotiation Table As Firms Strike Back

September 18, 2023, 02:04:00 PM
Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024