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General Motors, Cruise and Robotaxi
General Motors Says It’s Pulling Cruise Out of the Robotaxi Business
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it gestured at future plans to continue developing self-driving cars.
General Motors to stop funding its Cruise robotaxi business
General Motors will stop funding its Cruise robotaxi business and focus on developing self-driving technology for personal vehicles, the automaker said in a statement on Tuesday. The company said in a statement that it had made the decision due to “the considerable time and resources that would be needed to scale the business” as well as increased competition in the robotaxi market.
Why Shunning the Robotaxi Project Is A Win For General Motors (GM)
General Motors’ financial issues are likely to ease after the company announced it was giving up on its Robotaxi division, almost 9 years after its inception. To date, the company has plowed $10 billion into the project but it hasn’t achieved profitability.
2h
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 ...
smartcitiesdive
1h
GM shuts troubled Cruise robotaxi unit
General Motors will halt further development of robotaxis, with its CEO citing high capital costs and billions invested in a ...
6h
Forbes Daily: General Motors Is Abandoning Its Robotaxi Investment
Wednesday's edition of Forbes Daily covers UHC shooting suspect's alleged Reddit history, small business reprieve, Infowars ...
DBusiness Magazine
2h
General Motors Drops Robotaxi R&D to Expand Fully Autonomous Personal Vehicles
General Motors Co. in Detroit has announced the realignment of its autonomous driving strategy by developing advanced driver ...
23h
General Motors ends robotaxi development to focus on AD for personal vehicles
General Motors (GM) is halting development of robotaxis to shift focus on autonomous driving for personal vehicles. Read more ...
4h
Robotaxi Face-Off: It's Waymo Vs. Tesla After General Motors' Exit
GM's exit resets the robotaxi race, with Waymo's proven leadership and Tesla's bold ambitions setting the stage for intense ...
3h
Cruise founder calls GM 'a bunch of dummies' after automaker shuts down robotaxi startup
Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
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