Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it ...
GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis ...
General Motors is restructuring Cruise, its self-driving-taxi company, in what amounts to an exit from the robotaxi business ...
The automaker is folding its San Francisco-based subsidiary into its in-house efforts to develop autonomous driving for ...
GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased ...
The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in ...
General Motors is pulling funding from robotaxi company Cruise in order to focus on its own autonomous and assisted driving ...
General Motors said on Tuesday it will end robotaxi development at its majority-owned, money-losing Cruise business, a blow ...
GM cited “considerable time and resources that would be needed to scale the business, along with an increasingly competitive ...
The Detroit auto giant says it's halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles' autonomous driving features.
GM only owns around 90% of Cruise, but the company has agreements with other shareholders that will raise its stake to more ...
Bank of America analyst Justin Post said over the long-term, the firm still sees the potential for General Motors ( GM) AVs ...