Current:Home > MarketsGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Wealth Evolution Experts
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-13 07:00:17
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
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Principal indicted, accused of not reporting alleged child abuse by Atlantic City mayor
- 'Grey's Anatomy' returns for Season 21: Premiere date, time, cast, where to watch
- Lake Powell Plumbing Will Be Repaired, but Some Say Glen Canyon Dam Needs a Long-Term Fix
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Nebraska AG alleges thousands of invalid signatures on pot ballot petitions and 1 man faces charges
- Election 2024 Latest: Harris concentrates on Pennsylvania while Trump stumps in the West
- Powerball winning numbers for September 11: Jackpot rises to $134 million
- Travis Hunter, the 2
- Texas’ highest criminal court declines to stop execution of man accused in shaken baby case
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- Guns remain leading cause of death for children and teens in the US, report says
- The Glossier Hot Cocoa Balm Dotcom Sold Every 5 Seconds Last Winter: Get Yours Before It Sells Out
- Harvey Weinstein indicted in New York on additional charges
- What do we know about the mysterious drones reported flying over New Jersey?
- Under $50 Cozy Essentials for Your Bedroom & Living Room
- 'I am going to die': Colorado teen shot in face while looking for homecoming photo spot
- Montana miner to lay off hundreds due to declining palladium prices
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Make Your NFL Outfit Stadium Suite-Worthy: Bags
Oklahoma governor delays vote on minimum wage hike until 2026
Ex-Massachusetts lawmaker convicted of scamming pandemic unemployment funds
Global Warming Set the Stage for Los Angeles Fires
Powerball winning numbers for September 11: Jackpot rises to $134 million
'Bachelorette' Jenn Tran shares her celebrity crush on podcast. Hint: He's an NBA player.
Powerball winning numbers for September 11: Jackpot rises to $134 million