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.
GM to Stop Funding Development of Cruise Robotaxis
General Motors said on Tuesday it will stop funding development of robotaxis at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology unit a top priority. GM said it would not fund work on the robotaxis "given the considerable time and resources that would be needed to scale the business,
Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost controls going into 2025.
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it ...
1don MSN
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General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...
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General Motors has teamed up with a materials science startup with the goal of enhancing performance and increasing the ...
Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over ...
Barra said she looks forward to working with the Trump administration and expects he will listen to GM's input on regulations.
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