GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2024-12-26 09:29:03 source:lotradecoin profitability category:Invest

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.

Sponsor Message

More:Invest

Recommend

Trump will be honored as Time’s Person of the Year and ring the New York Stock Exchange bell

NEW YORK (AP) — About six months ago, Donald Trumpwas sitting in a courtroom in lower Manhattan list

Cristiano Ronaldo faces $1B class-action lawsuit for promoting for Binance NFTs

NEW YORK (AP) — Portuguese soccer star Cristiano Ronaldo has been hit with class-action lawsuit seek

DeSantis and Newsom will face off in a Fox News event featuring two governors with White House hopes

WASHINGTON (AP) — California Democratic Gov. Gavin Newsom and Florida Republican Gov. Ron DeSantis a