KEY TAKEAWAYS General Motors said it was abandoning its Cruise driverless ride-hailing service due to its high costs and the ...
General Motors is restructuring Cruise, its self-driving-taxi company, in what amounts to an exit from the robotaxi business ...
The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in ...
The automaker is folding its San Francisco-based subsidiary into its in-house efforts to develop autonomous driving for ...
GM cited “considerable time and resources that would be needed to scale the business, along with an increasingly competitive ...
GM has abandoned plans to develop a robotaxi service through Cruise and will instead focus on self-driving cars for the showroom.
Investors welcomed news from General Motors that the auto maker was scrapping its Cruise robotaxi program. GM shares rose 3.6% after the release in postmarket trading. Read more on the announcement he ...