GM scraps Cruise's robotaxi service - ABC News
1 day ago · The automaker cited the increased competition in the robotaxi market. General Motors announced Tuesday that it would end funding for its Cruise robotaxi service. The automaker said it would shift ...
GM to retreat from robotaxis and stop funding its Cruise ... - ABC News
14 hours ago · Since GM bought a controlling stake in Cruise for $581 million in 2016, the robotaxi service piled up more than $10 billion in operating losses while bringing in less than $500 million in revenue ...
GM is giving up on Cruise robotaxis, pivots to personal …
14 hours ago · General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self ... he was a reporter at Bloomberg News where he helped break ...
Cruise employees ‘blindsided’ by GM’s plan to end robotaxi …
1 day ago · The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s announcements channel along with a link to a press ...
GM to retreat from robotaxis and stop funding its Cruise ... - NPR
5 hours ago · Since GM bought a controlling stake in Cruise for $581 million in 2016, the robotaxi service piled up more than $10 billion in operating losses while bringing in less than $500 million in revenue ...
GM to retreat from robotaxis, stop funding Cruise | AP News
14 hours ago · DETROIT (AP) — General Motors said Tuesday it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel.
General Motors pulls plug on Cruise robotaxi project - BBC News
10 hours ago · Meanwhile, the emerging robotaxi industry has long attracted major players. As well as Tesla, competitors to create self-driving cabs include Waymo, a subsidiary of Google's parent company ...
GM Calls It Quits on Mary Barra’s $50 Billion Robotaxi Dream
14 hours ago · General Motors Co. Chief Executive Officer Mary Barra, clad in her signature leather jacket and masked up pandemic style, climbed into a Cruise robotaxi named Tostada for her first autonomous ride ...
GM to exit loss-making Cruise robotaxi business | Reuters
14 hours ago · Dec 10 (Reuters) - General Motors , opens new tab said on Tuesday it will end robotaxi development at its majority-owned, money-losing Cruise business, a blow to the ambitions of the largest U.S ...
GM to Shut Down Its Cruise Robotaxi Project - The New York Times
14 hours ago · The company said it would now focus its efforts on developing fully autonomous vehicles for personal use. By Jack Ewing and Eli Tan General Motors said on Tuesday that it would stop developing a ...