general motors gm news

GM is pulling funding for its Cruise robotaxi company

General Motors’ Decision To ‘No Longer Fund’ Cruise Is A Loss For Accessibility, Too

For many in the low-vision community, self-driving cars represent the zenith of accessibility; no longer must we be at the mercy of of others to get around.

Gizmodo · 1d

General Motors Says It’s Pulling Cruise Out of the Robotaxi Business

Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it gestured at future plans to continue developing self-driving cars.

Fast Company · 1d

GM is pulling the funding for its Cruise robotaxi company

GM said it will fold Cruise employees into existing teams. It’s unclear if there will be layoffs. General Motors is pulling funding from robotaxi company Cruise in order to focus on its own autonomous and assisted driving systems.

GM dumps Cruise robotaxi plans

Daily Voice Carroll County MD o… · 6h

GM Axes Robotaxis, Refocuses On Personal Cars

General Motors (GM) has announced a major shift in its autonomous vehicle strategy, discontinuing the development of robotaxis through its subsidiary Cruise LLC. The company will instead focus on integrating autonomous and advanced

USA TODAY on MSN · 1d

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 on MSN · 1d

GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles

General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car subsidiary Cruise and combine it with the automaker’s own efforts to develop driver assistance features — and eventually fully autonomous personal vehicles.

2hon MSN

General Motors CEO downplays worries about Trump tariffs: ‘Part of negotiations’

General Motors CEO Mary Barra expressed tentative optimism about how President-elect Donald Trump’s America First agenda will ...

10h

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.

10h

GM Chief Mary Barra Proclaims Optimism Despite EV, China Challenges

General Motors CEO Mary Barra says she's still bullish on her company's prospects amid challenges with EVs and issues with ...

12h

With General Motors pulling the plug on Cruise, every American automaker except Tesla has called it quits on robotaxis

Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk ...

8hon 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 ...

General Motors works with materials startup to revolutionize electric car batteries — and it could change everything about your next vehicle

General Motors has teamed up with a materials science startup with the goal of enhancing performance and increasing the ...

TweakTown9h

Microsoft expects share price drop and a $800 million fine after GM exits robotaxi business

General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...

winbuzzer.com7h

Microsoft Loses $800M With GM Cruise Robotaxi Shutdown

Microsoft takes a financial hit as GM redirects autonomous vehicle plans from robotaxis to consumer-focused solutions.

General Motors: Cruise Cancellation Is Not A Big Deal

General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle ...

4hon MSN

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 ...

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