General Motors is restructuring Cruise, its self-driving-taxi company, in what amounts to an exit from the robotaxi business ...
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it ...
The automaker is folding its San Francisco-based subsidiary into its in-house efforts to develop autonomous driving for ...
GM only owns around 90% of Cruise, but the company has agreements with other shareholders that will raise its stake to more ...
US auto giant General Motors announced Tuesday it will abandon its robotaxi development efforts after a highly publicized ...
General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.
Investors welcomed news from General Motors that the auto maker was scrapping its Cruise robotaxi program. GM shares rose 3.6% after the release in postmarket trading. Read more on the announcement he ...