Current:Home > InvestGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit-DB Wealth Institute B2 Reviews & Ratings
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
lotradecoin advanced analytics dashboard View Date:2024-12-26 03:01:07
DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit.
Instead, the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like its Super Cruise, which allows drivers to take their hands off the steering wheel.
GM said it would get out of robotaxis "given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."
The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers.
veryGood! (52943)
Related
- NASA Shares Update on Astronauts Stuck Indefinitely in Space
- 2023's surprise NBA dunk contest champ reaped many rewards. But not the one he wanted most
- Stock market today: Asian shares track Wall Street rally as Japan’s Nikkei nears a record high
- Kansas City mom and prominent Hispanic DJ dies in a mass shooting after Chiefs’ victory parade
- Australian Olympic Committee hits out at criticism of controversial breaker Rachael Gunn
- Inter Miami preseason match Thursday: Will Lionel Messi play against hometown club?
- Who is Lynette Woodard? Former Kansas star back in spotlight as Caitlin Clark nears record
- Angelia Jolie’s Ex-Husband Jonny Lee Miller Says He Once Jumped Out of a Plane to Impress Her
- Hurricane Ernesto aims for Bermuda after leaving many in Puerto Rico without power or water
- Calling history: Meet Peacock's play-by-play broadcaster for Caitlin Clark's historic game
Ranking
- Rob Schneider Responds to Daughter Elle King Calling Out His Parenting
- Mystery Behind Pregnant Stingray With No Male Companion Will Have You Hooked
- 'Odysseus' lander sets course for 1st commercial moon landing following SpaceX launch
- Cleveland-Cliffs to shutter West Virginia tin plant and lay off 900 after tariff ruling
- Police identify suspect in break-in of Trump campaign office in Virginia
- How do you use Buy Now, Pay Later? It likely depends on your credit score
- LSU RB Trey Holly arrested in connection with shooting that left two people injured
- 13-year-old charged with murder in shooting of man whose leg was blocking bus aisle
Recommendation
-
Detroit judge orders sleepy teenage girl on field trip to be handcuffed, threatens jail
-
US eases restrictions on Wells Fargo after years of strict oversight following scandal
-
Ford CEO says company will rethink where it builds vehicles after last year’s autoworkers strike
-
16-year-old boy arrested in NYC subway shooting that killed 1 and wounded 5
-
Video shows 2 toddlers in diapers, distraught in the middle of Texas highway after crash
-
Pennsylvania mom convicted of strangling 11-year-old son, now faces life sentence
-
Who plays 'Young Sheldon'? See full cast for Season 7 of hit sitcom
-
Tiger Woods hits a shank in his return to golf and opens with 72 at Riviera