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.
GM's Cruise exit turns focus on challenges of scaling robotaxis
General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the technology and deep pockets to fund it.
The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced ...
General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise ...
Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s ...
A Cruise driverless robotaxi operating in San Francisco, California on ... [+] July 24, 2023. Anadolu Agency via General ...
General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the ...
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GM shutters Cruise robotaxi projectGeneral Motors is shutting down its Cruise robotaxi project, citing intense competition for self-driving cars and the steep ...
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