Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -MacroWatch
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-16 08:56:13
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! (55)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Taylor Swift's Mom Andrea Gives Sweet Nod to Travis Kelce at Chiefs Game
- Sister Wives' Janelle Brown Details to Meri Why She Can't Trust Ex Kody and His Sole Wife Robyn
- The Cowboys, claiming to be 'all in' prior to Dak Prescott's injury, are in a rare spot: Irrelevance
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Deion Sanders addresses trash thrown at team during Colorado's big win at Texas Tech
- The Army’s answer to a lack of recruits is a prep course to boost low scores. It’s working
- Will Trump curb transgender rights? After election, community prepares for worst
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- BITFII Introduce
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Appeals Court Affirms Conviction of Everglades Scientist Accused of Stealing ‘Trade Secrets’
- Jelly Roll goes to jail (for the best reason) ahead of Indianapolis concert
- Michael Grimm, former House member convicted of tax fraud, is paralyzed in fall from horse
- What to watch: O Jolie night
- 1 monkey captured, 42 monkeys still on the loose after escaping research facility in SC
- Chet Holmgren injury update: Oklahoma City Thunder star suffers hip fracture
- Michael Jordan and driver Tyler Reddick come up short in bid for NASCAR championship
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
Trump announces Tom Homan, former director of immigration enforcement, will serve as ‘border czar’
Suspected shooter and four others are found dead in three Kansas homes, police say
1 monkey captured, 42 monkeys still on the loose after escaping research facility in SC
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Brian Kelly asks question we're all wondering after Alabama whips LSU, but how to answer?
'He's driving the bus': Jim Harbaugh effect paying dividends for Justin Herbert, Chargers
World leaders aim to shape Earth's future at COP29 climate change summit