GM’s Decision To Exit Cruise Robotaxi Business Welcomed By Industry Analysts
Industry analysts are weighing in on GM's decision to pull out of the Cruise robotaxi business, and they almost unanimously agree that it was a good idea.
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.
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.
General Motors ends Cruise robotaxi business in strategic industry exit
General Motors Co. announced today that its Cruise self-driving car unit is exiting the robotaxi business as part of a realignment of the company’s autonomous driving strategy. Under the realignment,
With General Motors pulling the plug on Cruise, every American automaker except Tesla has called it quits on robotaxis
Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk back those plans later.
General Motors pulls plug on robotaxi business
In October, Tesla boss Elon Musk unveiled the electric car giant's long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. GM attributed the change of strategy to "the considerable time and resources that would be needed to scale the business".
GM’s Cruise robotaxi business is latest growth initiative to falter
For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company poised for growth.
GM ‘blindsides’ Cruise by giving up on robotaxis
Welcome back to Week in Review. This week, we’re looking at GM’s decision to pull out of the robotaxi business, Google alluding to the existence of multiple universes, and how you can make some serious cash by getting an AI bot to fall in love with you.
GM pulls the plug on Cruise robotaxi division
The automaker plans to merge the division with its Super Cruise team to advance its self-driving feature for personal vehicles
The winner of the robotaxi race will come down to a few players. Here's why.
General Motor's bow out of the robotaxi space leaves only two players with serious skin in the game: Tesla and Waymo.
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General Motors Writes-Off $5Bn On Robot Taxis
Autonomous vehicle technology turns out to be a lot harder than anticipated, as GM withdraws from the market, leaving it to Tesla & Waymo.
Did General Motors Limit Its Future By Walking Away From Cruise?
Instead, after spending more than $10 billion on Cruise since acquiring it in 2016, GM is ending the robotaxi business and ...
General Motors’ robotaxi exit is a massive hit for tech leader
General Motors ( GM) , once hailed as a formidable rival for Tesla ( TSLA) in the race to roll out a driverless car ahead of ...
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General Motors Stock Price Prediction 2025: Can GM Continue to Go Up?
Western automakers in an otherwise “normal” environment. The long-predicted U.S. recession remained as elusive as it was last ...
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GM's U-turn on robotaxi pumps the breaks on Honda autonomous collab
General Motors (GM) has ended its nearly decade-long, US$10 billion Cruise robotaxi project, a decision that has severely ...
The Score: General Motors, Nvidia, UnitedHealth and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week’s news.