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GM, Cruise

TechCrunch · 16h

Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program

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

Hosted on MSN · 2h

GM's Cruise exit turns focus on challenges of scaling robotaxis

General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the technology and deep pockets to fund it.

Seattle Times · 16h

GM halts funding for Cruise robotaxi program

DETROIT — General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to take a firmer hold of the potentially multibillion-dollar business. But experts say bowing out is the right choice for the embattled Cruise.

GM Pulls Plug on Cruise Robotaxi Business

Hosted on MSN · 2h

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.

Business Insider on MSN · 20h

Why GM pulled the plug on Cruise after spending $10 billion on robotaxis

General Motors is giving up on robotaxis eight years after taking control of Cruise in an increasingly competitive market for driverless cars.

GM Pulls the Plug on Cruise Robotaxi Business

GM acquired Cruise in 2016 for $1 billion, hoping to build a fleet of self-driving cars that could earn money driving people around cities. GM spent heavily to develop self-driving technology for Cruise,

19h

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 ...

17h

GM Halts Cruise’s Robotaxi Development

In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To ...

19h

GM is killing Cruise robotaxis

General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise ...

13h

Here’s how big a hit Microsoft is taking on its investment in GM’s Cruise

Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s ...

18h

General Motors Says It’s Pulling Cruise Out of the Robotaxi Business

Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it ...

6hon MSN

GM Is Restructuring Cruise. Tesla and Waymo Will Fight It Out for the U.S. Robotaxi Market.

Waymo has made a lot of progress with self-driving cabs. It completes more than 150,000 driverless rides a week. Tesla hosted ...

14h

Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit

Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over ...

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