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 ...
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 ...
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 ...
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 ...
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Microsoft Loses $800M With GM Cruise Robotaxi Shutdown
Microsoft takes a financial hit as GM redirects autonomous vehicle plans from robotaxis to consumer-focused solutions.
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GM scuttles tumultuous robotaxi business
Automotive OEM General Motors is exiting the robotaxi business and combining its wholly owned Cruise Automation division into ...
GM Gives Up On Cruise, Ends Robotaxi Push
GM only owns around 90% of Cruise, but the company has agreements with other shareholders that will raise its stake to more ...
GM pulls plug on Cruise robotaxi after investing more than $10B in self-driving business
GM cited “considerable time and resources that would be needed to scale the business, along with an increasingly competitive ...
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 ...