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GM dumps Cruise robotaxi plans
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.
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.
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
GM, Microsoft
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.
Microsoft Is Losing This Much on GM’s Robotaxi Unit Cruise
Microsoft said on Wednesday it would take an $800 million charge to write down its investment in Cruise—GM’s troubled robotaxi unit. Cruise lost its license to drive in California in October 2023 after a Cruise robotaxi dragged a pedestrian.
Here’s how big 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.
7h
GM Ditches Cruise — Are Robotaxis Dead?
Forget fully autonomous robotaxis: the route to market for driverless technologies now looks like it could be incremental ...
KALW
2h
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.
11h
on MSN
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 ...
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 ...
1d
on 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 ...
9h
on 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
on 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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