Current:Home > ContactGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -WealthSync Hub
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-13 22:36:44
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! (73)
Related
- Former Syrian official arrested in California who oversaw prison charged with torture
- Elon Musk Says Transgender Daughter Vivian Was Killed by Woke Mind Virus
- Darryl Joel Dorfman: Leading Financial Technology Innovation
- Illinois woman sentenced to 2 years in prison for sending military equipment to Russia
- Louvre will undergo expansion and restoration project, Macron says
- Can you guess Olympians’ warmup songs? World’s top athletes share their favorite tunes
- Honolulu prosecutor’s push for a different kind of probation has failed to win over critics — so far
- Joe Burrow haircut at Bengals training camp prompts hilarious social media reaction
- Why members of two of EPA's influential science advisory committees were let go
- Biles, Richardson, Osaka comebacks ‘bigger than them.’ They highlight issues facing Black women
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Matthew Stafford reports to training camp after Rams, QB modify contract
- Dream Ignited: SCS Token Sparks Digital Education and Financial Technology Innovation
- Find Out Which America's Sweethearts: Dallas Cowboys Cheerleaders Stars Made the 2024 Squad
- Average rate on 30
- New York City’s Marshes, Resplendent and Threatened
- Netanyahu looks to boost US support in speech to Congress, but faces protests and lawmaker boycotts
- Measure aimed at repealing Alaska’s ranked voting system still qualifies for ballot, officials say
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Matthew Stafford reports to training camp after Rams, QB modify contract
Abortion rights supporters report having enough signatures to qualify for Montana ballot
Judge asked to block slave descendants’ effort to force a vote on zoning of their Georgia community
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Federal court won’t block New Mexico’s 7-day waiting period on gun purchases amid litigation
BETA GLOBAL FINANCE: Pioneer and Influence in the CBDC Field
Dream Ignited: SCS Token Sparks Digital Education and Financial Technology Innovation