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Robotaxi, General Motors
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.
From growth to gone: GM's Cruise robotaxi business is latest growth initiative to falter
The driverless ride-hailing service was supposed to be the shining star of GM’s growth plans, leading to $50 billion in revenue by the end of this decade.
With General Motors pulling the plug on Cruise, every American automaker except Tesla has called it quits on robotaxis
Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk back those plans later.
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.
GM pulls the plug on Cruise robotaxi division
The automaker plans to merge the division with its Super Cruise team to advance its self-driving feature for personal vehicles
GM Pulls Funding From Cruise Robotaxi Service
In an announcement that’s shocked many, GM has said it will no longer provide funding for Cruise, its robotaxi service. Instead, the automaker says it’s pouring resources into autonomous driving and driver assistance technologies for passenger vehicles sold to private individuals.
GM Authority
5h
GM’s Decision To Exit Cruise Robotaxi Business Welcomed By Industry Analysts
Industry analysts are weighing in on GM's decision to pull out of the Cruise robotaxi business, and they almost unanimously ...
1d
General Motors Scraps Cruise, Alphabet's Waymo A Big Part Of The Reason Why
Competition from Waymo and Amazon, coupled with operational challenges, led to GM's decision to drop Cruise. Read more on the ...
3d
General Motors’ Decision To ‘No Longer Fund’ Cruise Is A Loss For Accessibility, Too
For many in the low-vision community, self-driving cars represent the zenith of accessibility; no longer must we be at the ...
Des Moines Register
5d
GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars
General
Motors
is pivoting from self-driving robotaxies to focus ... rather than building a robotaxi fleet with its San ...
4d
General Motors: Cruise Cancellation Is Not A Big Deal
General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle ...
Hosted on MSN
4d
Cruise self-driving robotaxis shut down by General Motors despite $10billion investment
General Motors has announced that it will cease funding its Cruise autonomous vehicle unit and exit the robotaxi business ...
1d
General Motors’ robotaxi exit is a massive hit for tech leader
General Motors ( GM) , once hailed as a formidable rival for Tesla ( TSLA) in the race to roll out a driverless car ahead of ...
1d
on MSN
The Score: General Motors, Nvidia, UnitedHealth and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week’s news.
3d
on MSN
Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis
Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in ...
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