Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -EliteFunds
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-13 09:45:41
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! (5885)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Her 10-year-old son died in a tornado in Tennessee. Her family's received so many clothing donations, she wants them to go others in need.
- Pregnant Bhad Bhabie Reveals Sex of Her First Baby
- Bank of Japan survey shows manufacturers optimistic about economy, as inflation abates
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Former Iowa deputy pleads guilty in hot-vehicle death of police dog
- Wildfires can release the toxic, cancer-causing 'Erin Brockovich' chemical, study says
- London Christmas carol event goes viral on TikTok, gets canceled after 7,000 people show up
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Fantasy football Start ‘Em, Sit ‘Em: 15 players to start or sit in Week 15
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Funeral and procession honors North Dakota sheriff’s deputy killed in crash involving senator’s son
- 'Big Bang Theory' star Kate Micucci reveals lung cancer diagnosis: 'I've never smoked a cigarette'
- Bank of Japan survey shows manufacturers optimistic about economy, as inflation abates
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- 'We will do what's necessary': USA Football CEO wants to dominate flag football in Olympics
- UN General Assembly votes overwhelmingly to demand a humanitarian cease-fire in Gaza
- We Went to the First EV Charging Station Funded by the Federal Infrastructure Law
Recommendation
Meet first time Grammy nominee Charley Crockett
USWNT received greatest amount of online abuse during 2023 World Cup, per FIFA report
Trump's defense concludes its case in New York fraud trial
Haley gets endorsement from Gov. Chris Sununu ahead of pivotal New Hampshire primary
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Stock market today: Asian shares are mixed ahead of the Fed’s decision on interest rates
André Braugher, star of 'Brooklyn 99' and 'Homicide,' dies at 61
Why George Clooney Is at a Tactical Disadvantage With His and Amal Clooney's Kids