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GM dumps Cruise robotaxi plans
GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars
The automaker said it will combine Cruise, of which GM is majority owner, and GM technical teams into a single effort to advance autonomous and assisted driving in personal cars. As a result, GM said it will no longer fund Cruise’s robotaxi development,
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 the company’s
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.
Microsoft will take $800 million charge on Cruise investment
Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis
Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in robotaxi startup Cruise after General Motors announced this week that it would halt the development of Cruise's autonomous vehicles.
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit
Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors' exit of the Cruise autonomous driving business, the tech giant said in a filing on Wednesday.
Microsoft sees $800M impairment charge in Q2 linked to GM’s Cruise plans
In a regulatory filing, Microsoft (MSFT) stated that in January 2021, Microsoft announced a minority investment in Cruise, an autonomous
30m
on MSN
Uber Stock Is Rebounding Day After GM Scrapped Cruise Robotaxi Program
Uber Technologies’ stock rebounded in premarket trading Thursday. On Wednesday, General Motors announced the closure of its ...
21h
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 ...
19h
GM Halts Cruise’s Robotaxi Development
In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To ...
21h
GM is killing Cruise robotaxis
General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise ...
23h
Why GM pulled the plug on Cruise after spending $10 billion on robotaxis
After GM pulled the plug on its robotaxi dreams, one expert says driverless cabs remain "really more hype than reality." ...
1d
GM scraps Cruise's robotaxi service
GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased ...
8h
on MSN
GM Is Restructuring Cruise. Tesla and Waymo Will Fight It Out for the U.S. Robotaxi Market.
Waymo has made a lot of progress with self-driving cabs. It completes more than 150,000 driverless rides a week. Tesla hosted ...
1d
Seeing no road to profit, GM shutters Cruise
GM bought into Cruise in 2016, when self-driving fever was at its peak. It had lofty goals of deploying robotaxis in a number ...
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Related topics
robotaxi
General Motors
Detroit
Mary Barra
Waymo
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