Current:Home > MarketsGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -TruePath Finance
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-17 17:11:36
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! (497)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Martha Stewart playfully pushes Drew Barrymore away in touchy interview
- San Antonio Spurs coach Gregg Popovich had mild stroke this month, team says
- 1 million migrants in the US rely on temporary protections that Trump could target
- Questlove charts 50 years of SNL musical hits (and misses)
- The Latin Grammys are almost here for a 25th anniversary celebration
- It's about to be Red Cup Day at Starbucks. When is it and how to get the free coffee swag?
- Elton John Details Strict Diet in His 70s
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Kentucky woman seeking abortion files lawsuit over state bans
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Agents search home of ex-lieutenant facing scrutiny as police probe leak of school shooting evidence
- Hurricane forecasters on alert: November storm could head for Florida
- Mike Tyson vs. Jake Paul VIP fight package costs a whopping $2M. Here's who bought it.
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Oklahoma school district adding anti-harassment policies after nonbinary teen’s death
- Volunteer firefighter accused of setting brush fire on Long Island
- John Krasinski Details Moment He Knew Wife Emily Blunt Was “the One”
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Get $103 Worth of Tatcha Skincare for $43.98 + 70% Off Flash Deals on Elemis, Josie Maran & More
‘COP Fatigue’: Experts Warn That Size and Spectacle of Global Climate Summit Is Hindering Progress
Michelle Obama Is Diving Back into the Dating World—But It’s Not What You Think
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Congress heard more testimony about UFOs: Here are the biggest revelations
How to protect your Social Security number from the Dark Web
Watch a rescuer’s cat-like reflexes pluck a kitten from mid-air after a scary fall