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GM pulls plug on Cruise robotaxi
Wall Street mostly upbeat on GM's decision to pull the plug on Cruise
General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.
GM pulls plug on Cruise robotaxi after investing more than $10B in self-driving business
GM cited “considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market.”
GM shifts focus of Cruise autonomous driving from robotaxis to personal vehicles
General Motors said on Tuesday it will no longer individually fund its Cruise autonomous robotaxi division, instead folding it into its broader tech team.
18h
on MSN
GM Calls It Quits on Mary Barra’s $50 Billion Robotaxi Dream
General Motors Co. Chief Executive Officer Mary Barra, clad in her signature leather jacket and masked up pandemic style, ...
19h
Why GM pulled the plug on Cruise after spending $10 billion on robotaxis
After GM pulled the plug on its robotaxi dreams, one expert says driverless cabs remain "really more hype than reality." ...
10h
Barra: Trump tariff threat would have big impact but is 'part of the negotiation'
The GM CEO was interviewed during an Automotive Press Association gathering in Detroit, her first significant interview since the election.
smartcitiesdive
15h
GM shuts troubled Cruise robotaxi unit
General Motors will halt further development of robotaxis, with its CEO citing high capital costs and billions invested in a ...
17h
Cruise founder calls GM 'a bunch of dummies' after automaker shuts down robotaxi startup
The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
1d
Seeing no road to profit, GM shutters Cruise
GM bought into Cruise in 2016, when self-driving fever was at its peak. It had lofty goals of deploying robotaxis in a number ...
1d
GM's Cruise Exit Draws Sharp Reaction From Co-Founder Kyle Vogt: Tesla CEO Elon Musk Says Autonomous Driving Is A 'Very Hard Problem'
General Motors said on Tuesday that it will no longer fund Cruise's robotaxi development but will instead combine the ...
13h
on MSN
Why GM CEO Mary Barra Is Our 2024 Person Of The Year
It took lots of hard work, and un-learning old habits, to walk back GM’s disastrous electric 2023. Its CEO was up for the ...
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