Forget fully autonomous robotaxis: the route to market for driverless technologies now looks like it could be incremental ...
Uber stock is swinging this week following news that General Motors is restructuring its Cruise unit. Here's what you need to ...
General Motors announced Tuesday it will no longer be funding its Cruise robotaxi operations after years of navigating ...
The company suspended the Cruise self-driving taxi service late last year after a vehicle struck and seriously injured a ...
Microsoft (MSFT) expects an $800 million charge from its minority stake in General Motors (GM) now shut down the robotaxi unit. The tech giant made a strategic investment in the robotaxi business to ...
Microsoft takes a financial hit as GM redirects autonomous vehicle plans from robotaxis to consumer-focused solutions.
General Motors' move suggests that billions in funding weren't enough in a still-developing part of the industry that has met with several setbacks and scepticism from wary drivers.
Uber stock extended its weekly losses to 7.27% after news broke that General Motors would be shutting down its autonomous ...
General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...
We recently published a list of 10 Best Self-Driving Technology Stocks To Buy According to Hedge Funds. In this article, we ...
Cruise isn't even the first major player to bow out of the race to develop a robotaxi business. Ford ( F) ended its Argo AI self-driving venture two years ago. And Apple ( AAPL ), wavering between ...
Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost controls going into 2025.