In other words, robotaxis aren't going to pay off anytime soon — perhaps no surprise given the costs of development and kitting out a car versus the much cheaper business model of Uber or Lyft.

The company also plans to add autonomous ride-hailing operations in Atlanta and Austin, Texas, building upon current services ...

General Motors will halt further development of robotaxis, with its CEO citing high capital costs and billions invested in a ...

Waymo One's robotaxis could threaten Uber and Lyft drivers' earnings if they get access to airports. Airport rides are among the most profitable trips for human drivers. Waymo One is offering airport ...

GM’s announcement draws into question the business model of robotaxis at large ... was known about the economics of rideshare. Uber and Lyft were still private companies but their valuations ...

SAN FRANCISCO — General Motors said on Tuesday it will stop funding development of robotaxis at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology ...

As part of the road map unfurled Thursday, Waymo plans to begin testing its driverless Jaguars in Miami next year, giving the robotaxis time to learn their way around Florida's biggest city before ...