General Motors said it would no longer fund its Cruise robotaxi service as it seeks to focus its spending on autonomous vehicle development specifically for personally owned vehicles. Now Cruise ...

GM CEO Mary Barra, with the ending of its Cruise robotaxi operations, made it clear that the automaker's growth priorities have shifted amid a broader, industrywide retrench to preserve capital.

In an announcement that’s shocked many, GM has said it will no longer provide funding for Cruise, its robotaxi service.

General Motors will no longer fund Cruise. GM says launching and maintaining a Robotaxi network is not something that it is interested in doing. The automaker intends to roll Cruise's commercial ...

The Tuesday announcement that GM is halting additional funding of Cruise’s robotaxi development and repositioning its work to support the carmaker’s own self-driving tech closes a long and ...

As a result, GM said it will no longer fund Cruise’s robotaxi development, given the considerable time and resources needed to scale the business, along with an increasingly competitive robotaxi ...

GM's stock price jumped after the Cruise news, trading roughly 2% higher after-hours. With the robotaxi operation in the rearview mirror, GM said it's proritizing the development of its Super ...

Scrapping the Cruise robotaxi project will save it more than $1 billion a year, GM said. General Motors (GM) said it was abandoning its Cruise driverless ride-hailing service due to its high costs ...

This decision is projected to save GM more than $1 billion in annual expenses. General Motors had high hopes for Cruise and was planning to revolutionize transportation with the Origin robotaxi.

along with an increasingly competitive robotaxi market.” The automaker has invested more than $10 billion in Cruise. GM shares rose 3.2% in extended trading on Tuesday. In 2023, GM CEO Mary ...

General Motors (GM) pulled the plug on its Cruise robotaxi business on Tuesday night, a move marking a dramatic step back in its autonomous ambitions that began eight years ago. GM said it would ...