It's a hard lesson, but extremely valuable, and General Motors ( GM -2.90%) is currently in the process of learning it after ...

With no one in the driver seat, the SUV pulling up resembles an autonomous robotaxi like those becoming increasingly present ...

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.

General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb ...

It’s likely that GM’s move will result in layoffs at Cruise GM’s decision to scrap its robotaxi business comes after years of profligate spending in the hopes of creating a new mobility ...

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 ...

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 ...

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 ...

GM CEO Mary Barra, with the ending of its Cruise robotaxi operations, made it clear that the automaker's growth priorities have shifted amid a broader, industrywide retrench to preserve capital.

The Tuesday announcement that GM is halting additional funding of Cruise’s robotaxi development and repositioning its work to support the carmaker’s own self-driving tech closes a long and ...

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 ...