Current:Home > ContactGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Streamline Finance
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-17 05:09:55
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! (697)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Holiday hopes, changing traditions — People share what means the most this holiday season and for 2024
- Trump's lawyers ask appeals court to rule on immunity in late-night filing
- Eagles end 3-game skid, keep NFC East title hopes alive with 33-25 win over Giants
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Kourtney Kardashian's Photo of Baby Boy Rocky Proves Christmas Is About All the Small Things
- Minimum-wage workers in 22 states will be getting raises on Jan. 1
- Beyoncé's childhood home in Houston burns on Christmas morning
- The Best Stocking Stuffers Under $25
- 2024 NFL draft first-round order: Patriots' dramatic win vs. Broncos alters order
Ranking
- The Daily Money: Spending more on holiday travel?
- Nursing student who spent $25 for wedding dress worth $6,000 is now engaged
- Could a suspected murder victim — back from the dead — really be an impostor?
- Investment, tax tips for keeping, growing your money in 2024
- Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
- Iran dismisses U.S. claims it is involved in Red Sea ship attacks
- A guesthouse blaze in Romania leaves 5 dead and others missing
- Student loan payments restarted after a COVID pause. Why the economy is barely feeling it.
Recommendation
Jury selection set for Monday for ex-politician accused of killing Las Vegas investigative reporter
Belarus leader says Russian nuclear weapons shipments are completed, raising concern in the region
Fact checking 'Boys in the Boat': How much of George Clooney's crew drama is true?
Liverpool star Mohamed Salah ‘shares pain’ of grieving families at Christmas amid Israel-Hamas war
USA women's basketball live updates at Olympics: Start time vs Nigeria, how to watch
Inside Ukraine’s covert Center 73, where clandestine missions shape the war behind the frontline
Morocoin Trading Exchange Predicts 2024 Blockchain Development Trends
Florida police search for Ocala mall shooter, ask public for help finding suspect