It's a hard lesson, but extremely valuable, and General Motors (NYSE: GM) 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 ...

Barra declined to say how many Cruise employees could be moved over to GM. Costly business Rivals still in the emerging robotaxi industry include deep-pocketed developers such as Alphabet’s ...

General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb ...

General Motors said it was abandoning its Cruise driverless ride-hailing service due to its high costs and the scale needed ...

In 2023, Cruise paused all of its driverless operations after collisions led to investigations and a suspension of its ...

General Motors’ decision on Tuesday to focus on driver-assist systems highlights the challenges with the robotaxi business model. GM announced its decision to stop funding Cruise. GM plans to ...

GM's stock price jumped after the Cruise news, trading roughly 2% higher after-hours. With the robotaxi operation in the rearview mirror, GM said it's proritizing the development of its Super ...

GM has cut funding to Cruise and will merge the self-driving technology startup with its own technical teams GM will continue developing self-driving technology for use in privately owned vehicles ...

It’s likely that GM’s move will result in layoffs at Cruise GM’s decision to scrap its robotaxi business comes after years of profligate spending in the hopes of creating a new mobility ...

along with an increasingly competitive robotaxi market.” The automaker has invested more than $10 billion in Cruise. GM shares rose 3.2% in extended trading on Tuesday. In 2023, GM CEO Mary ...

Scrapping the Cruise robotaxi project will save it more than $1 billion a year, GM said. General Motors (GM) said it was abandoning its Cruise driverless ride-hailing service due to its high costs ...