Current:Home > InvestGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Golden Horizon Investments
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-17 12:04:33
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! (9)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Teen killed when Louisiana police chase ends in a fiery crash
- T.J. Holmes needs to 'check out' during arguments with Amy Robach: 'I have to work through it'
- A lifestyle and enduring relationship with horses lends to the popularity of rodeo in Indian Country
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Head-on crash kills 6 and critically injures 3 on North Texas highway
- Casinos, hospital ask judge to halt Atlantic City road narrowing, say traffic could cost jobs, lives
- Hong Kong man jailed for 6 years after pleading guilty to a terrorism charge over a foiled bomb plot
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Myopia affects 4 in 10 people and may soon affect 5 in 10. Here's what it is and how to treat it.
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- The number of wounded Israeli soldiers is mounting, representing a hidden cost of war
- NFL Week 17 odds: Moneylines, point spreads, over/under
- New Orleans landlord gifts tenants 1 month of free rent for holidays: Better than Santa Claus
- 2025 'Doomsday Clock': This is how close we are to self
- Gypsy Rose Blanchard's release from prison latest twist in shocking Munchausen by Proxy case
- Bus collides head-on with truck in central India, killing at least 13
- Nikki Haley, asked what caused the Civil War, leaves out slavery. It’s not the first time
Recommendation
South Korean president's party divided over defiant martial law speech
Here are 6 financial moves you really should make by Dec. 31
Inside the unclaimed baggage center where lost luggage finds new life
Amazon Prime Video will start showing ads in January. Will you have to pay more?
A South Texas lawmaker’s 15
Utah therapist Jodi Hildebrandt pleads guilty to abusing children with YouTube mom Ruby Franke
Bus collides head-on with truck in central India, killing at least 13
AP concludes at least hundreds died in floods after Ukraine dam collapse, far more than Russia said