Current:Home > ContactGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Core Financial Strategies
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-17 01:59:18
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! (3899)
Related
- The company planning a successor to Concorde makes its first supersonic test
- 'Mothers' Instinct': Biggest changes between book and Anne Hathaway movie
- 9 Self-Tanners to Help Make Your Summer Tan Last
- Florida police union leader blasts prosecutors over charges against officers in deadly 2019 shootout
- Small twin
- Simone Biles will compete in all four events in Olympics team final, despite calf tweak
- Justin Bieber Cradles Pregnant Hailey Bieber’s Baby Bump in New Video
- Trump and Harris enter 99-day sprint to decide an election that has suddenly transformed
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- McDonald’s same-store sales fall for the 1st time since the pandemic, profit slides 12%
Ranking
- Current, future North Carolina governor’s challenge of power
- Midwest sees surge in calls to poison control centers amid bumper crop of wild mushrooms
- Police announce second death in mass shooting at upstate New York park
- 'Stop the killings': Vigils honor Sonya Massey as calls for justice grow
- Travis Hunter, the 2
- Texas senators grill utility executives about massive power failure after Hurricane Beryl
- Lady Gaga introduces Michael Polansky as her 'fiancé' during Paris Olympics
- Get 80% Off Wayfair, 2 Kylie Cosmetics Lipsticks for $22, 75% Off Lands' End & Today's Best Deals
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Arab American leaders are listening as Kamala Harris moves to shore up key swing-state support
All-American women's fencing final reflects unique path for two Olympic medalists
Swarm of dragonflies startles beachgoers in Rhode Island
Sonya Massey's father decries possible release of former deputy charged with her death
USA finishes 1-2 in fencing: Lee Kiefer, Lauren Scruggs make history in foil
2024 Olympics: Gymnast Jade Carey Shares Why She Fell During Floor Routine
Oprah addresses Gayle King affair rumors: 'People used to say we were gay'