GM's shutdown of Cruise was the end of an era for them, but robotaxis are roaring ahead in the U.S. and China — in sharply ...

Perhaps this is true every year, but I’ve felt that tech in 2024 was an especially character-driven drama. What’s Elon going ...

General Motors' decision to pivot away from robotaxis has one big critic: the Cruise founder Kyle Vogt. Vogt, who resigned from the company in 2023, posted on the social-media platform X following ...

Now Cruise employees will be combined with GM’s internal teams working on advanced driver assist systems, like Super Cruise, as well as its project to develop autonomous vehicles to sell to customers ...

The automaker has invested more than $10 billion in Cruise. GM shares rose 3.2% in extended trading on Tuesday. In 2023, GM CEO Mary Barra said the Cruise business could generate $50 billion in ...

GM says it plans to acquire the remaining 10 percent of the self-driving tech company that it doesn’t already own and have its internal technology team eventually absorb Cruise. That said ...

The pivot is a remarkable step for the automaker, which acquired the self-driving startup Cruise in March 2016 for $1 billion. Since then, GM has spent more than $10 billion on the company in a ...

A few days ago, GM announced that it would stop funding the Cruise division that it acquired in 2016. They had reportedly been having issues since the announcement of their Origin taxies in 2022 ...

The automaker said it will combine Cruise, of which GM is majority owner, and GM technical teams into a single effort to advance autonomous and assisted driving in personal cars. As a result ...

Yesterday, GM said it would no longer fund the Cruise robotaxi experiment, after buying the driverless company in 2016. Cruise's robotaxis had been on San Franciscan roads up until recently ...

General Motors will no longer fund Cruise. GM says launching and maintaining a Robotaxi network is not something that it is interested in doing. The automaker intends to roll Cruise's commercial ...

In a report released today, Elizabelle Pang from DBS maintained a Hold rating on General Motors (GM – Research Report), with a price target of ...