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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.”
Microsoft will take $800 million charge on Cruise investment as GM exits robotaxi business
Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced it would no longer fund the initiative as part of a shift in its autonomous driving strategy.
1h
GM Chief Mary Barra Proclaims Optimism Despite EV, China Challenges
General Motors CEO Mary Barra says she's still bullish on her company's prospects amid challenges with EVs and issues with ...
20h
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, ...
11h
The end of Cruise is the beginning of a risky new phase for autonomous vehicles
I think this is more a recognition that autonomous vehicle technology is going to take a decade or more to provide driverless ...
12h
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.
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 ...
smartcitiesdive
17h
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 ...
21h
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." ...
1d
Robotaxi Exit To 'Clear The Way' For GM To License Tesla FSD, Says Gary Black — Move Will Save The Mary Barra-Led Company $1B A Year
Future Fund LLC Managing Partner Gary Black highlighted on Tuesday, Dec. 10, 2024, that General Motors Co. is abandoning its ...
21h
GM shuts down robotaxi project to focus on autonomous vehicles
General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully ...
15h
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 ...
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 ...
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