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 just walked away from its robotaxi dream, bailing on its Cruise business as the price tag became too much to stomach.
The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving ...
Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced ...
The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...
A Cruise driverless robotaxi operating in San Francisco, California on ... [+] July 24, 2023. Anadolu Agency via General ...
General Motors abandoned its ambitious and costly Cruise robotaxi development on Tuesday and several analysts reacted ...
Shares of Lyft should find more support from the stock’s 200-day moving average currently at $14.78, but that support will ...
General Motors is calling it quits on its goal of operating a robotaxi service. On Tuesday, GM announced it would combine its ...
GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased ...
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it ...
Hosted on MSN2h
GM shutters Cruise robotaxi projectGeneral Motors is shutting down its Cruise robotaxi project, citing intense competition for self-driving cars and the steep ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback