It's a hard lesson, but extremely valuable, and General Motors ( GM -1.88%) is currently in the process of learning it after ...
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 ...
A retreat in the development of autonomous vehicles was the major news item decelerating the stock of rideshare incumbent ...
Since General Motors acquired the San Francisco self-driving-tech developer Cruise in 2016, the Detroit automaker has poured more than $8 billion into creating a robotaxi service. Now GM is ...
instead focusing on building upon the Super Cruise hands-free driver assistance systems already in GM vehicles. General Motors is rethinking its robotaxi dreams, announcing yesterday that it will ...
General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle production. I previously rated GM stock a strong buy due to double ...
General Motors will stop funding its Cruise robotaxi business and focus on developing self-driving technology for personal vehicles, the automaker said in a statement on Tuesday. The company noted ...
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it gestured at future plans to continue developing self-driving cars.
General Motors said it was abandoning its Cruise driverless ride-hailing service due to its high costs and the scale needed in an increasingly competitive market.
Michael Simcoe will retire after 42 years with General Motors. Bryan Nesbitt, who currently heads global design for Cadillac, ...