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GM dumps Cruise robotaxi plans

Hosted on MSN · 4h

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 · 7h

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

Investopedia on MSN · 8h

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 robotaxi startup Cruise after General Motors announced this week that it would halt the development of Cruise's autonomous vehicles.

Geekwire on MSN · 22h

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.

Reuters on MSN · 23h

Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit

Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors' exit of the Cruise autonomous driving business, the tech giant said in a filing on Wednesday.

3h

GM Ditches Cruise — Are Robotaxis Dead?

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

1d

GM is killing Cruise robotaxis

General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise ...

1d

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 ...

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 ...

6hon 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 ...

9hon MSN

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 ...

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 ...

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