With General Motors pulling the plug on Cruise, every American automaker except Tesla has called it quits on robotaxis
Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk back those plans later.
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Lyft Stock Drops on GM Robotaxi News: Key Support Levels Hold, But Risks Loom
Shares of Lyft should find more support from the stock’s 200-day moving average currently at $14.78, but that support will ...
Bernstein views General Motors’ robotaxi news as negative for Uber, Lyft
Commenting on General Motors’ (GM) announcement that it was “killing the ignition” on Cruise, Bernstein says that while this removes a key ...
General Motors: Cruise Cancellation Is Not A Big Deal
General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle ...
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 ...
GM's Cruise robotaxi exit a result of 'serious problems' from scaling too fast and continued high costs
General Motors pulled the plug on its Cruise robotaxi business on Tuesday night, a move marking a dramatic step back in its ...
GM's Cruise U-turn is a sign of just how hard the robotaxi game really is
After GM pulled the plug on its robotaxi dreams, one expert says driverless cabs remain "really more hype than reality." ...
General Motors scraps robotaxi development in new fallout from 2023 crash
General Motors will no longer invest in robotaxi development at its autonomous-vehicle unit Cruise, a major blow to the automaker that was once a leader in the technology but struggled to recover ...