Current:Home > FinanceGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Insightful Finance Hub
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-19 21:11:35
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! (54955)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- 'The least affordable housing market in recent memory': Why now is a great time to rent
- Former NRA CEO Wayne LaPierre is on trial for alleged corruption. Here's what to know as the civil trial heads to a jury.
- Trump hawks $399 branded shoes at ‘Sneaker Con,’ a day after a $355 million ruling against him
- All That You Wanted to Know About She’s All That
- Israeli troops enter Al Nasser Hospital, Gaza's biggest hospital still functioning, amid the war with Hamas
- Vince Carter, Doug Collins, Seimone Augustus lead 2024 Basketball Hall of Fame finalists
- Hyundai recalls nearly 100,000 Genesis vehicles for fire risk: Here's which cars are affected
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Watch Paris Hilton's Son Phoenix Adorably Give Her the Best Birthday Morning Greeting Ever
Ranking
- North Carolina justices rule for restaurants in COVID
- Wholesale prices rose in January, signaling more inflation woes for American consumers
- The Daily Money: Now might be a good time to rent
- We Found The Best Shoes For 24-Hour Comfort, & They're All On Sale With Free Shipping
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- New ban on stopping on Las Vegas Strip bridges targets people with disabilities, lawsuit alleges
- 'Wait Wait' for February 17, 2024: With Not My Job guest Sleater-Kinney
- New York man claimed he owned the New Yorker Hotel, demanded rent from tenants: Court
Recommendation
Trump's 'stop
A Black author takes a new look at Georgia’s white founder and his failed attempt to ban slavery
Chinese electric carmakers are taking on Europeans on their own turf — and succeeding
Satellite shows California snow after Pineapple Express, but it didn't replenish snowpack
Bill Belichick's salary at North Carolina: School releases football coach's contract details
The Daily Money: Now might be a good time to rent
A Deep Dive Into the 9-Month Ultimate World Cruise
A California judge is under investigation for alleged antisemitism and ethical violations