Current:Home > InvestGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -WealthSphere Pro
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
SignalHub Quantitative Think Tank Center View
Date:2025-04-09 12:15:15
DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit.
Instead, the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like its Super Cruise, which allows drivers to take their hands off the steering wheel.
GM said it would get out of robotaxis "given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."
The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers.
veryGood! (8884)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Battered, Flooded and Submerged: Many Superfund Sites are Dangerously Threatened by Climate Change
- Millions of workers are subject to noncompete agreements. They could soon be banned
- Cross-State Air Pollution Causes Significant Premature Deaths in the U.S.
- Nevada attorney general revives 2020 fake electors case
- New York Times to pull the plug on its sports desk and rely on The Athletic
- Belarusian Victoria Azarenka says it was unfair to be booed at Wimbledon after match with Ukrainian Elina Svitolina
- New York’s Heat-Vulnerable Neighborhoods Need to Go Green to Cool Off
- Retirement planning: 3 crucial moves everyone should make before 2025
- Kate Hudson Bonds With Ex Matt Bellamy’s Wife Elle Evans During London Night Out
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Flight fare prices skyrocketed following Southwest's meltdown. Was it price gouging?
- After holiday week marred by mass shootings, Congress faces demands to rekindle efforts to reduce gun violence
- Young Voters, Motivated by Climate Change and Environmental Justice, Helped Propel Biden’s Campaign
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- In-N-Out brings 'animal style' to Tennessee with plans to expand further in the U.S.
- A Lawsuit Challenges the Tennessee Valley Authority’s New Program of ‘Never-Ending’ Contracts
- Millions of workers are subject to noncompete agreements. They could soon be banned
Recommendation
Grammy nominee Teddy Swims on love, growth and embracing change
Kim Kardashian Proves Her Heart Points North West With Sweet 10th Birthday Tribute
Bachelor Nation’s Kelley Flanagan Debuts New Romance After Peter Weber Breakup
‘At the Forefront of Climate Change,’ Hoboken, New Jersey, Seeks Damages From ExxonMobil
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Goldman Sachs is laying off as many as 3,200 employees this week
Belarusian Victoria Azarenka says it was unfair to be booed at Wimbledon after match with Ukrainian Elina Svitolina
Charleston's new International African American Museum turns site of trauma into site of triumph