Current:Home > InvestGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -WealthEngine
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-13 11:06:40
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! (21881)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Polish police briefly detain lawmaker who interrupted prime minister’s speech
- El Salvador’s leader, criticized internationally for gang crackdown, tells UN it was the right thing
- In Chile, justice eludes victims of Catholic clergy sex abuse years after the crisis exploded
- Travis Hunter, the 2
- Azerbaijan and Armenia fight for 2nd day over the breakaway region of Nagorno-Karabakh
- Eric Nam takes his brand of existential pop on a world tour: 'More than anything, be happy'
- Asteroid that passes nearby could hit Earth in the future, NASA says
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- MLB playoff picture: Wild-card standings, tiebreakers and scenarios for 2023 postseason
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- College football is set for historic Week 4 with seven games matching ranked opponents
- Up to 8,000 minks are on the loose in Pennsylvania after being released from fur farm
- Hunter Biden expected to plead not guilty on felony gun charges
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- UNGA Briefing: Security Council, climate summit and what else is going on at the United Nations
- An artist took $84,000 in cash from a museum and handed in blank canvases titled Take the Money and Run. He's been ordered to return some of it
- Horoscopes Today, September 19, 2023
Recommendation
Bodycam footage shows high
University of Colorado graduate among those severely ill in France after botulism outbreak
Chick-fil-A plans UK expansion after previously facing backlash from LGBTQ rights activists
After unintended 12-year pause, South Carolina says it has secured drug to resume lethal injections
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Left behind and grieving, survivors of Libya floods call for accountability
Cheryl Burke Says She Has a Lot of Years to Make Up for Relationship With a Narcissist
Browns star Nick Chubb suffers another severe knee injury, expected to miss rest of NFL season