GM's shutdown of Cruise was the end of an era for them, but robotaxis are roaring ahead in the U.S. and China — in sharply ...
General Motors' decision to pivot away from robotaxis has one big critic: the Cruise founder Kyle Vogt. Vogt, who resigned from the company in 2023, posted on the social-media platform X following ...
Now Cruise employees will be combined with GM’s internal teams working on advanced driver assist systems, like Super Cruise, as well as its project to develop autonomous vehicles to sell to customers ...
Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s announcements channel along with a link to a press release entitled “GM to refocus ...
GM is ending funding for robotaxi development at Cruise 14 months after one of its autonomous shuttles injured a pedestrian in San Francisco. (TNS) — General Motors Co.'s move Tuesday to halt ...
The automaker has invested more than $10 billion in Cruise. GM shares rose 3.2% in extended trading on Tuesday. In 2023, GM CEO Mary Barra said the Cruise business could generate $50 billion in ...
The automaker said it will combine Cruise, of which GM is majority owner, and GM technical teams into a single effort to advance autonomous and assisted driving in personal cars. As a result ...
GM has effectively decided to shut down Cruise and absorb its teams and autonomous technology. It will focus on developing autonomous systems for personal vehicles rather than public use.
The pivot is a remarkable step for the automaker, which acquired the self-driving startup Cruise in March 2016 for $1 billion. Since then, GM has spent more than $10 billion on the company in a ...
GM says it plans to acquire the remaining 10 percent of the self-driving tech company that it doesn’t already own and have its internal technology team eventually absorb Cruise. That said ...
But experts say bowing out is the right choice for the embattled Cruise. The decision to instead focus on providing autonomous technology in personal vehicles followed a year of GM trying to ...