GM Pulls The Plug On Its Multibillion-Dollar Robotaxi Bet
The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving ...
Cruise founder calls GM 'a bunch of dummies' after automaker shuts down robotaxi startup
The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis
Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in ...
GM's Cruise exit turns focus on challenges of scaling robotaxis
General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others ...
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 ...
Big moves show that GM is restructuring on the fly as uncertainty looms in 2025
Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost controls going into 2025.
GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars
GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis ...
GM is killing Cruise robotaxis
General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise ...
GM shuts down robotaxi project to focus on autonomous vehicles
General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully ...
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 ...