General Motors Co. announced today that its Cruise self-driving car unit is exiting the robotaxi business as part of a ...
GM also plans to purchase the remaining shares of Cruise and restructure the operations to save an estimated $1 billion per annum.
General Motors is pulling the plug on its efforts to develop a fleet of driverless taxis and will focus on driver-assistance ...
Autonomous-driving operations at Cruise look certain to end after its main backer, General Motors, said it will stop funding ...
Cruise will be folded into GM’s tech teams working on advanced driver assistance and autonomous driving systems.
GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis ...
General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle ...
The shutdown of Cruise’s robotaxi service comes amid a turbulent time for autonomous vehicles. While Alphabet’s Waymo continues to eye new markets, other ventures have faltered. The most notable was ...