As we reported on Tuesday, GM is dropping Cruise robotaxi efforts and refocusing on autonomy in personal vehicles. The move is expected to reduce GM’s spending by more than $1 billion annually, and it ...

General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the ...

While the world's richest man is going all in with a robotaxi, General Motors has decided to pull the plug on its embryonic ...

I think this is more a recognition that autonomous vehicle technology is going to take a decade or more to provide driverless ...

"Eliminating the need for negotiation," Amazon Autos now offers online automotive shopping from Hyundai dealers across major metros nationwide, including Dallas and three other Texas cities. The ...

GM recently announced a forthcoming restructuring effort at its autonomous vehicle technology division, Cruise, leaving employees unsure over their future.

Cruise robotaxis first popped up on Dallas streets in October 2023 following the start of operations with public riders in Austin. But a Cruise-involved pedestrian crash in San Francisco put ...

After a year of trying to refocus and relaunch the robotaxi program following an October 2023 pedestrian crash, the automaker ...

General Motors' Cruise is abandoning its mission to develop robotaxis and shifting its focus to advancing driver-assistance ...

General Motors announced this week that it will no longer pursue the Cruise robotaxi business. (Cruise Photo) Microsoft will take an $800 million charge ...

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

In terms of per-share earnings, the charge will be a hit of around 9 cents a share to Microsoft's fiscal second-quarter EPS. The FactSet analyst consensus calls for EPS of $3.15 for Microsoft, which ...