Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Zenith Investment School
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-13 03:48:48
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! (8)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- A milestone for Notre Dame: 1 year until cathedral reopens to public after devastating fire
- Former Peruvian President Alberto Fujimori is freed from prison on humanitarian grounds
- Proposal to create new tier for big-money college sports is just a start, NCAA president says
- Stamford Road collision sends motorcyclist flying; driver arrested
- A sea otter pup found alone in Alaska has a new home at Chicago’s Shedd Aquarium
- Democratic bill with billions in aid for Ukraine and Israel fails to clear first Senate hurdle
- Powerful earthquake shakes South Pacific nation of Vanuatu; no tsunami threat
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- What restaurants are open on Christmas Eve 2023? Details on Starbucks, Chick-fil-A, more
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Former Peruvian President Alberto Fujimori is freed from prison on humanitarian grounds
- Florida woman sets Tinder date's car on fire over money, report says; both were injured
- A woman hurled food at a Chipotle worker. A judge sentenced the attacker to work in a fast-food restaurant
- 'We're reborn!' Gazans express joy at returning home to north
- Vanessa Hudgens marries baseball player Cole Tucker in custom Vera Wang: See photos
- Her alcoholic father died and missed her wedding. She forgives him anyway.
- OnlyFans has a new content creator: tennis player Nick Kyrgios
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Why Kelly Ripa’s Daughter Lola Consuelos Advises Her Not to “Get Pregnant” Before Every Vacation
Russell Simmons speaks out on 2017 rape, assault allegations: 'The climate was different'
Stock market today: Asian shares slide after retreat on Wall Street as crude oil prices skid
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
A nurse’s fatal last visit to patient’s home renews calls for better safety measures
It's one of the biggest experiments in fighting global poverty. Now the results are in
A federal grand jury in Puerto Rico indicts three men on environmental crimes