GM's Cruise robotaxi business is latest growth initiative to falter
1 day ago · Instead, after spending more than $10 billion on Cruise since acquiring it in 2016, GM is ending the robotaxi business and folding Cruise’s operations and an undetermined number of its nearly ...
GM's Cruise robotaxi exit a result of 'serious problems' from …
5 days ago · GM CFO Paul Jacobson added that launching and operating a robotaxi service would take a significant amount of capital, beyond the $10 billion or so GM already spent on Cruise.
GM to retreat from robotaxis, stop funding Cruise | AP News
6 days ago · General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous ... Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s ...
Cruise employees ‘blindsided’ by GM’s plan to end robotaxi …
5 days 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 Cruise employees 'blindsided' by GM’s plan to end ...
GM scraps Cruise's robotaxi service - ABC News
Dec 10, 2024 · General Motors announced Tuesday that it would end funding for its Cruise robotaxi service. The automaker said it would shift its focus to the development of advanced driver-assistance systems ...
GM is giving up on Cruise robotaxis, pivots to personal …
6 days ago · GM said in a statement that “the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market” were the reasons for the ...
GM exits robotaxi market, will bring Cruise operations in house
Dec 10, 2024 · General Motors will no longer fund its Cruise division's robotaxi development, effectively pulling out of the market.
GM to exit loss-making Cruise robotaxi business | Reuters
6 days 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
Dec 10, 2024 · 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 ...
GM Calls It Quits on Mary Barra’s $50 Billion Robotaxi Dream
6 days 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 ...