General Motors is restructuring Cruise, its self-driving-taxi company, in what amounts to an exit from the robotaxi business and a refocusing on improving driver- assistance technologies for everyday people.

GM's exit resets the robotaxi race, with Waymo's proven leadership and Tesla's bold ambitions setting the stage for intense competition.

Bank of America analyst Justin Post said over the long-term, the firm still sees the potential for General Motors ( GM) AVs to end up on Uber using "SuperCruise" self-driving software instead of the previous version of the Cruise Chevy Bolt. That is, if GM ( GM) can achieve Level 4 autonomy.