Johnathan Walker|GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-07 22:13:05source:Algosensey Quantitative Think Tank Centercategory:Finance

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Johnathan Walkerstop 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.

Sponsor Message

More:Finance

Recommend

Turbulence slammed Hawaiian Airlines flight because of decision to fly over storm cell, report says

HONOLULU (AP) — A Hawaiian Airlines flight crew’s decision to fly over a hazardous storm cell instea

Powerball winning numbers for December 4th drawing: Jackpot now at $435 million

The Powerball jackpot for the next drawing on Wednesday is now worth an estimated $435 million after

North Carolina Rep. McHenry, who led House through speaker stalemate, won’t seek reelection in 2024

RALEIGH, N.C. (AP) — North Carolina Rep. Patrick McHenry, who presided temporarily over the U.S. Hou