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GM is pulling funding for its Cruise robotaxi company
Wall Street mostly upbeat on GM's decision to pull the plug on Cruise
General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.
Why GM pulled the plug on Cruise after spending $10 billion on robotaxis
General Motors is giving up on robotaxis eight years after taking control of Cruise in an increasingly competitive market for driverless cars.
GM is pulling the funding for its Cruise robotaxi company
GM said it will fold Cruise employees into existing teams. It’s unclear if there will be layoffs. General Motors is pulling funding from robotaxi company Cruise in order to focus on its own autonomous and assisted driving systems.
1h
on MSN
GM Is Restructuring Cruise. Tesla and Waymo Will Fight It Out for the U.S. Robotaxi Market.
Waymo has made a lot of progress with self-driving cabs. It completes more than 150,000 driverless rides a week. Tesla hosted ...
13h
GM Pulls The Plug On Its Multibillion-Dollar Robotaxi Bet
The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving ...
15h
GM's Cruise robotaxi exit a result of 'serious problems' from scaling too fast and continued high costs
General Motors pulled the plug on its Cruise robotaxi business on Tuesday night, a move marking a dramatic step back in its ...
14h
Cruise founder calls GM 'a bunch of dummies' after automaker shuts down robotaxi startup
The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
MLive
15h
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
Instead, the Detroit automaker will focus on development of partially automated driver-assist systems like its Super Cruise, ...
20h
Seeing no road to profit, GM shutters Cruise
GM bought into Cruise in 2016, when self-driving fever was at its peak. It had lofty goals of deploying robotaxis in a number ...
14h
GM is killing Cruise robotaxis
General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise ...
1d
GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars
GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis ...
10h
GM halts funding for Cruise robotaxi program
DETROIT — General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to ...
15h
GM shuts down robotaxi project to focus on autonomous vehicles
General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully ...
4h
on MSN
GM’s exit from robotaxis rolls out red carpet for Google, Tesla
Trump and the co-leader of the yet-to-be-established Department of Government Efficiency (DOGE) and Tesla (TSLA) CEO Elon ...
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