GM Pulls Plug On Its Multibillion-Dollar Robotaxi Bet
GM halts funding for Cruise robotaxi program
DETROIT — General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to take a firmer hold of the potentially multibillion-dollar business. But experts say bowing out is the right choice for the embattled Cruise.
10hon MSN
Waymo has made a lot of progress with self-driving cabs. It completes more than 150,000 driverless rides a week. Tesla hosted ...
Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost controls going into 2025.
General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb ...
GM just walked away from its robotaxi dream, bailing on its Cruise business as the price tag became too much to stomach.
In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To ...
General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...
Cruise rival Waymo is outpacing its GM-owned competitor by expanding its operations to Miami, where it expects to offer its ...
Microsoft takes a financial hit as GM redirects autonomous vehicle plans from robotaxis to consumer-focused solutions.
After GM pulled the plug on its robotaxi dreams, one expert says driverless cabs remain "really more hype than reality." ...
The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
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