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GM, Cruise robotaxi

Hosted on MSN · 2h

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.

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 autonomous ambitions that began eight years ago.

Reuters on MSN · 53m

GM's Cruise exit turns focus on challenges of scaling robotaxis

General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the technology and deep pockets to fund it.

GM Pulls Plug On Its Multibillion-Dollar Robotaxi Bet

General Motors Says It’s Pulling Cruise Out of the Robotaxi Business

Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it gestured at future plans to continue developing self-driving cars.

GM Pulls The Plug On Its Multibillion-Dollar Robotaxi Bet

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

BBC on MSN · 22h

General Motors pulls plug on robotaxi project

General Motors has announced that it will stop funding the development of the Cruise self-driving taxi. The company says it will now "refocus autonomous driving development on personal vehicles". GM also pointed to the increasingly competitive robotaxi market as a reason for the move.

Hosted on MSN1h

GM scrapped its $50 billion robotaxi dream, ceding game to Tesla and Waymo

GM just walked away from its robotaxi dream, bailing on its Cruise business as the price tag became too much to stomach.

4h

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 ...

Would you trust a driverless robotaxi? Waymo hopes so.

Reporters at Wired spent a day chasing a driverless taxi across San Francisco, and spoke with some of the Waymo's passengers.

4h

GM Falls Despite Robotaxi U-Turn. Its Self-Driving Car Rival Pops.

General Motors abandoned its ambitious and costly Cruise robotaxi development on Tuesday and several analysts reacted ...

2h

Honda cuts funding to robotaxi venture with Cruise and GM in Japan

Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now ...

8h

Cruise founder calls GM 'a bunch of dummies' after automaker shuts down robotaxi startup

The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...

2h

GM moves away from the robotaxi business axing Cruise

General Motors is calling it quits on its goal of operating a robotaxi service. On Tuesday, GM announced it would combine its ...

Hosted on MSN3h

GM shutters Cruise robotaxi project

General Motors is shutting down its Cruise robotaxi project, citing intense competition for self-driving cars and the steep ...

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