Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -MarketPoint
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-24 17:58:38
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! (61)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Dwyane Wade Recalls Daughter Zaya Being Scared to Talk to Him About Her Identity
- Los Angeles investigating after trees used for shade by SAG-AFTRA strikers were trimmed by NBCUniversal
- GM will stop making the Chevy Camaro, but a successor may be in the works
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- We grade Fed Chair Jerome Powell
- The Best Neck Creams Under $26 to Combat Sagging Skin and Tech Neck
- As Passover nears, New York's AG warns Jewish customers about car wash price gouging
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Las Vegas police seize computers, photographs from home in connection with Tupac's murder
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Teen Mom's Tyler Baltierra Details Pure Organic Love He Felt During Reunion With Daughter Carly
- State line pot shops latest flashpoint in Idaho-Oregon border debate
- Kelly Clarkson Addresses Alleged Beef With Carrie Underwood After Being Pitted Against Each Other
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Caitlyn Jenner Tells Khloe Kardashian I Know I Haven't Been Perfect in Moving Birthday Message
- The Big D Shocker: See a New Divorcée Make a Surprise Entrance on the Dating Show
- Armed with influencers and lobbyists, TikTok goes on the offense on Capitol Hill
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
All new cars in the EU will be zero-emission by 2035. Here's where the U.S. stands
A Just Transition? On Brooklyn’s Waterfront, Oil Companies and Community Activists Join Together to Create an Offshore Wind Project—and Jobs
See Jennifer Lawrence and Andy Cohen Kiss During OMG WWHL Moment
Senate begins final push to expand Social Security benefits for millions of people
It's not just Adderall: The number of drugs in short supply rose by 30% last year
One killed after gunfire erupts in Florida Walmart
Kate Spade 24-Hour Flash Deal: Save $291 on This Satchel Bag That Comes in 4 Colors