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GM, Cruise and robotaxi

Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program

The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s

Seattle Times · 2h

GM halts funding for Cruise robotaxi program

DETROIT — General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to take a firmer hold of the potentially multibillion-dollar business. But experts say bowing out is the right choice for the embattled Cruise.

East Bay Times · 1h

GM pulling plug on robotaxis and San Francisco based Cruise autonomous vehicle unit

GM bought control of San Francisco-based Cruise automation in 2016 with high hopes of developing a profitable fleet of robotaxis. Over the years GM invested billions in the subsidiary and eventually bought 90% of the company from investors, all while racking up millions in losses.

GM Pulls Plug On Its Multibillion-Dollar Robotaxi Bet

Gizmodo · 4h

General Motors Says It’s Pulling Cruise Out of the Robotaxi Business

Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it gestured at future plans to continue developing self-driving cars.

BBC on MSN · 20h

General Motors pulls plug on robotaxi project

General Motors has announced that it will stop funding the development of the Cruise self-driving taxi. The company says it will now "refocus autonomous driving development on personal vehicles". GM also pointed to the increasingly competitive robotaxi market as a reason for the move.

Forbes · 1d

GM Pulls The Plug On Its Multibillion-Dollar Robotaxi Bet

The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving for personal vehicles.

6mon MSN

Microsoft will take $800 million charge on Cruise investment as GM exits robotaxi business

Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced ...

19m

Here’s how much of a hit Microsoft is taking with its investment in GM’s Cruise

Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s ...

GM's Cruise Exit Turns Focus on Challenges of Scaling Robotaxis

For others still developing or operating robotaxis, GM's Cruise exit sends a clear warning, said Philip Koopman, a Carnegie ...

2hon MSN

Cruise founder calls GM 'a bunch of dummies' after automaker shuts down robotaxi startup

The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...

GM Ends Cruise Robotaxi Efforts and Steers its Self-Driving Tech to Passenger Cars

The Detroit auto giant says it's halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles' autonomous driving features.

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GM, Cruise and robotaxi

GM Pulls Plug On Its Multibillion-Dollar Robotaxi Bet

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