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.
The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving ...
GM just walked away from its robotaxi dream, bailing on its Cruise business as the price tag became too much to stomach.
Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced ...
In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To ...
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it ...
The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
General Motors abandoned its ambitious and costly Cruise robotaxi development on Tuesday and several analysts reacted ...
While the world's richest man is going all in with a robotaxi, General Motors has decided to pull the plug on its embryonic ...
GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased ...
The Detroit auto giant says it's halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles' autonomous driving features.
After admitting, less than a month ago, that it lied to federal Investigators about one of its robotaxis dragging a woman in ...
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