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GM dumps Cruise robotaxi plans

Hosted on MSN · 7h

GM Ends Cruise Robotaxi Efforts and Steers Its Self-Driving Tech to Passenger Cars

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.

Detroit Free Press on MSN · 10h

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 for Cruise.

TechCrunch · 1d

Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program

The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s

Microsoft will take $800 million charge on Cruise investment

Seattle Times · 2h

Microsoft sees $800 million loss on stake in GM’s Cruise

Microsoft plans to take an $800 million charge after General Motors said it was shutting down its autonomous taxi initiative.

MarketWatch on MSN · 1d

Here’s how much of a hit Microsoft is taking on its investment in GM’s Cruise

Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.

Geekwire on MSN · 1d

Microsoft will take $800 million charge on Cruise investment as GM exits robotaxi business

Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced it would no longer fund the initiative as part of a shift in its autonomous driving strategy.

6h

GM Ditches Cruise — Are Robotaxis Dead?

Forget fully autonomous robotaxis: the route to market for driverless technologies now looks like it could be incremental ...

GM pulls plug on Cruise robo-taxis

The robo-taxi company Cruise – whose autonomous vehicles were banned last year from San Francisco streets – is no more.

1don MSN

GM scraps Cruise's robotaxi service

GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased ...

1d

GM Halts Cruise’s Robotaxi Development

In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To ...

9hon MSN

Uber Stock Is Rebounding Day After GM Scrapped Cruise Robotaxi Program

Uber Technologies’ stock rebounded in premarket trading Thursday. On Wednesday, General Motors announced the closure of its ...

1d

Seeing no road to profit, GM shutters Cruise

GM bought into Cruise in 2016, when self-driving fever was at its peak. It had lofty goals of deploying robotaxis in a number ...

1don MSN

What went wrong with GM's Cruise

General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.

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