Since then, GM has spent more than $10 billion on the company in a bid to commercialize autonomous vehicle technology via a robotaxi business. GM said in a statement that “the considerable time ...

The decision to instead focus on providing autonomous technology in personal vehicles followed a year of GM trying to refocus and relaunch Cruise after an October 2023 pedestrian crash opened up ...

General Motors Co. has bailed on its Cruise robotaxis, citing the amount of time and resources needed to scale the business and an “increasingly competitive” market for autonomous vehicles.

SAN FRANCISCO, Dec 11 (Reuters) - General Motors' (GM.N), opens new tab decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the ...

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 ...

GM is dropping robotaxi efforts “given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market,” the company said ...

“This is the latest in a series of decisions that GM has announced that underscore our focus on having the right technology for the future of our company and the industry,” Mary ...

The company made the announcement late Tuesday afternoon, with GM spokesman Kevin Kelly telling the Detroit Free Press that GM sees a better business opportunity with personal vehicle autonomy ...

Now Cruise employees will be combined with GM’s internal teams working on advanced driver assist systems, like Super Cruise, as well as its project to develop autonomous vehicles to sell to ...

About the author: Christopher Tang is a distinguished professor at the UCLA Anderson School of Management. Should GM cut its losses and close its factories in China? Last week, the company told ...

GM has effectively decided to shut down Cruise and absorb its teams and autonomous technology. It will focus on developing autonomous systems for personal vehicles rather than public use. This ...