Current:Home > InvestGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -DataFinance
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-15 04:32:11
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! (2)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Judge blocks Arkansas's ban on gender-affirming care for transgender youth
- U.S. Ranks Near Bottom on Energy Efficiency; Germany Tops List
- Brittany Snow Hints She Was “Blindsided” by Tyler Stanaland Divorce
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Electric Cars Have a Dirty Little Secret
- Think Covid-19 Disrupted the Food Chain? Wait and See What Climate Change Will Do
- Keystone Oil Pipeline Spills 210,000 Gallons as Nebraska Weighs XL Decision
- Travis Hunter, the 2
- Keystone Oil Pipeline Spills 210,000 Gallons as Nebraska Weighs XL Decision
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Prince Harry and Meghan Markle's Rep Slams Abhorrent Allegations About Car Chase Being a PR Stunt
- 12 House Republicans Urge Congress to Cut ANWR Oil Drilling from Tax Bill
- RHONJ: How Joe Gorga Drama Brought Teresa Giudice's Daughter to Tears During Her Wedding
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Rep. Jamie Raskin says his cancer is in remission
- Trump wants the death penalty for drug dealers. Here's why that probably won't happen
- Moose attacks man walking dogs in Colorado: She was doing her job as a mom
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
Do you freeze up in front of your doctor? Here's how to talk to your physician
The FDA considers first birth control pill without a prescription
Back pain shouldn't stop you from cooking at home. Here's how to adapt
Trump wants to turn the clock on daylight saving time
Heading to Barbie Land? We'll help you get there with these trendy pink Barbiecore gifts
These Senators Tried to Protect the Arctic National Wildlife Refuge from Drilling. They Failed.
Her job is to care for survivors of sexual assault. Why aren't there more like her?