GM pulling plug on robotaxis and San Francisco based Cruise autonomous vehicle unit
GM bought control of San Francisco-based Cruise automation in 2016 with high hopes of developing a profitable fleet of robotaxis. Over the years GM invested billions in the subsidiary and eventually bought 90% of the company from investors, all while racking up millions in losses.
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 take a firmer hold of the potentially multibillion-dollar business. But experts say bowing out is the right choice for the embattled Cruise.
General Motors is restructuring Cruise, its self-driving-taxi company, in what amounts to an exit from the robotaxi business ...
GM has robotaxi technology but no business. Tesla has a business but the tech doesn't work. This issue, along with ...
General Motors is giving up on robotaxis eight years after taking control of Cruise in an increasingly competitive market for ...
After a year of trying to refocus and relaunch the robotaxi program following an October 2023 pedestrian crash, the automaker ...
The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
Cruise's robotaxi service will officially be no more, as General Motors opted to pull the funding plug and move the ...
A Cruise driverless robotaxi operating in San Francisco, California on ... [+] July 24, 2023. Anadolu Agency via General ...
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it ...
Management reportedly "blindsided" employees at the robotaxi company with the announcement, and the workers still don't know ...
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