Current:Home > NewsGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Lighthouse Finance Hub
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-14 11:52:41
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! (723)
Related
- A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- All That You Wanted to Know About She’s All That
- Mega Millions winning numbers for August 6 drawing: Jackpot climbs to $398 million
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Ranking
- American news website Axios laying off dozens of employees
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Grammy nominee Teddy Swims on love, growth and embracing change
- Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
- A White House order claims to end 'censorship.' What does that mean?
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- 2 killed, 3 injured in shooting at makeshift club in Houston
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Questlove charts 50 years of SNL musical hits (and misses)
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone