GM Pulls the Plug on Cruise Robotaxi Business
While the world's richest man is going all in with a robotaxi, General Motors has decided to pull the plug on its embryonic autonomous taxis. GM has announced that it will stop shoveling money into Cruise, the robotaxi subsidiary that never managed to make a dime. Instead of taxis, GM plans to focus on autonomous driving for personal vehicles.
After admitting, less than a month ago, that it lied to federal Investigators about one of its robotaxis dragging a woman in San Francisco as well as paying a $1.5 million dollar fine, General Motors ...
Shares of Lyft should find more support from the stock’s 200-day moving average currently at $14.78, but that support will ...
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GM shutters Cruise robotaxi projectGeneral Motors is shutting down its Cruise robotaxi project, citing intense competition for self-driving cars and the steep ...
General Motors pulled the plug on its Cruise robotaxi business on Tuesday night, a move marking a dramatic step back in its ...
GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis ...
General Motors abandoned its ambitious and costly Cruise robotaxi development on Tuesday and several analysts reacted ...
The Detroit auto giant says it's halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles' autonomous driving features.
GM just walked away from its robotaxi dream, bailing on its Cruise business as the price tag became too much to stomach.
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