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.
GM just walked away from its robotaxi dream, bailing on its Cruise business as the price tag became too much to stomach.
The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving ...
GM's decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company's minority ...
Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced ...
A Cruise driverless robotaxi operating in San Francisco, California on ... [+] July 24, 2023. Anadolu Agency via General ...
General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully ...
The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
GM only owns around 90% of Cruise, but the company has agreements with other shareholders that will raise its stake to more ...
GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased ...
General Motors abandoned its ambitious and costly Cruise robotaxi development on Tuesday and several analysts reacted ...
General Motors Co. Chief Executive Officer Mary Barra, clad in her signature leather jacket and masked up pandemic style, ...
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