GM Falls Despite Robotaxi U-Turn. Its Self-Driving Car Rival Pops.
General Motors abandoned its ambitious and costly Cruise robotaxi development on Tuesday and several analysts reacted ...
Wall Street mostly upbeat on GM's decision to pull the plug on Cruise
General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the ...
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 ...
Why Shunning the Robotaxi Project Is A Win For General Motors (GM)
General Motors’ financial issues are likely to ease after the company announced it was giving up on its Robotaxi division, ...
Alphabet's stock having best 2-day run in a decade as the good news keeps coming
And after running up 5.6% on Tuesday, the stock has soared 10% in two sessions. That would be the best two-day performance since it rocketed 15.1% over the two days that ended July 20, 2015. The stock ...
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GM halts robotaxi dreams, shifts focus to profitable staples
Robotaxis are taxis that do not require a driver’s participation—a revolution in transportation and potentially the future of the automotive industry. But are they really? General Motors, which spent ...