General Motors said it would no longer fund its Cruise robotaxi service as it seeks to focus its spending on autonomous vehicle development specifically for personally owned vehicles. Now Cruise ...

GM CFO Paul Jacobson added that launching and operating a robotaxi service would take a significant amount of capital, beyond the $10 billion or so GM already spent on Cruise.

GM is dropping robotaxi efforts “given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market,” the company said ...

Eight years and $10 billion later, GM has decided to pull the plug on its grand robotaxi experiment. The automaker’s CEO, Mary Barra, made the surprise announcement late on Tuesday, arguing that ...

For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy ...

GM said it would no longer fund work on the robotaxis “given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi ...

As a result, GM said it will no longer fund Cruise’s robotaxi development, given the considerable time and resources needed to scale the business, along with an increasingly competitive robotaxi ...

The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving for personal vehicles.

During a conference call with media, GM stated that pursuing the robotaxi business was unsustainable “given the considerable time and resources that would be needed to scale the business ...

US auto giant General Motors announced Tuesday it will abandon its robotaxi development efforts after a highly publicized ...

General Motors (GM) pulled the plug on its Cruise robotaxi business on Tuesday night, a move marking a dramatic step back in its autonomous ambitions that began eight years ago. GM said it would ...