Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -FundSphere
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-12 18:52:40
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! (2687)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Katy Perry Teases Orlando Bloom and Daughter Daisy Have Become Her “Focus Group”
- Chrysler's great-grandson wants to buy, rebuild Chrysler, Dodge brand; Stellantis responds
- A Georgia Democrat seeks to unseat an indicted Trump elector who says he only did what he was told
- Why members of two of EPA's influential science advisory committees were let go
- Tom Hanks Warns Fans Not to Be Swindled by Wonder Drug Scheme Using His Image
- Canadian rail union says it has filed lawsuits challenging back-to-work orders
- 2 women charged in Lululemon shoplifting scheme in Minneapolis
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- One person is under arrest after attack on Jewish students, the University of Pittsburgh says
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Harris says Trump tariffs will cost Americans $4k/year. Economists are skeptical.
- Another grocery chain stops tobacco sales: Stop & Shop ditches cigarettes at 360 locations
- Canadian rail union says it has filed lawsuits challenging back-to-work orders
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Neighbor held in disappearance of couple from California nudist resort. Both believed to be dead
- Home contract signings hit lowest since 2001 as house hunters losing hope
- Oklahoma rodeo company blames tainted feed for killing as many as 70 horses
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
A famous cherry tree in DC was uprooted. Its clones help keep legacy alive
J.Crew's Labor Day Sale Is Too Good To Be True: 85% Off With $8 Tank Tops, $28 Dresses & More
Look: Olympic medalist Simone Biles throws out first pitch at Houston Astros MLB game
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Georgia man dies after a police dog bites him during a chase by a state trooper
Move over, Tolkien: Brandon Sanderson is rapidly becoming the face of modern fantasy
Justices promise at least 5 weeks between backlogged executions in South Carolina