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GM dumps Cruise robotaxi plans
Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program
The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s
GM halts funding for Cruise robotaxi program
DETROIT — General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to take a firmer hold of the potentially multibillion-dollar business. But experts say bowing out is the right choice for the embattled Cruise.
GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars
GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis for Cruise.
GM Pulls Plug On Its Multibillion-Dollar Robotaxi Bet
GM Pulls The Plug On Its Multibillion-Dollar Robotaxi Bet
The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving for personal vehicles.
General Motors Says It’s Pulling Cruise Out of the Robotaxi Business
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it gestured at future plans to continue developing self-driving cars.
General Motors pulls plug on robotaxi business
GM also pointed to the increasingly competitive robotaxi market as a reason for the move. In October, Tesla boss Elon Musk unveiled the electric car giant's long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank,
Tesla, Robotaxi and Deutsche Bank
Tesla To Launch Robotaxi With Teleoperator Backup
Deutsche Bank stated in a letter following a meeting with the company’s head of investor relations that Tesla intends to launch its robotaxi service with a company-owned fleet supported by human teleoperators for safety.
Tesla aims to launch robotaxi with teleoperator backup, Deutsche Bank says
Deutsche Bank also raised its price target for Tesla shares to $370 from $295. Tesla shares were trading down nearly 1% at $386.04 on Monday.
Tesla’s ‘Model Q’ to arrive in 2025 at a price under $30K, Deutsche Bank says
A new Tesla EV, called the Model Q, is in store for 2025, and it will be priced under $30,000 including incentives, according to Deutsche Bank.The Latest Tech News, Delivered to Your Inbox
16h
GM Halts Cruise’s Robotaxi Development
In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To ...
20h
on MSN
GM Is Restructuring Cruise. That Leaves Tesla and Waymo in U.S. Robotaxi Market.
General Motors is restructuring Cruise, its self-driving-taxi company, in what amounts to an exit from the robotaxi business ...
GM Authority
41m
Microsoft Expects $800 Million Impairment Charge From GM Cruise Robotaxi Operations Shutdown
Microsoft expects an $800 million impairment charge as the result of GM's decision to end Cruise robotaxi operations, ...
17h
GM's Cruise robotaxi exit a result of 'serious problems' from scaling too fast and continued high costs
General Motors pulled the plug on its Cruise robotaxi business on Tuesday night, a move marking a dramatic step back in its ...
14h
GM Falls Despite Robotaxi U-Turn. Its Self-Driving Car Rival Pops.
General Motors abandoned its ambitious and costly Cruise robotaxi development on Tuesday and several analysts reacted ...
Hosted on MSN
13h
GM shutters Cruise robotaxi project
General Motors is shutting down its Cruise robotaxi project, citing intense competition for self-driving cars and the steep ...
18h
on MSN
Cruise founder calls GM 'a bunch of dummies' after automaker shuts down robotaxi startup
The Cruise founder Kyle Vogt criticized GM's decision to pull robotaxi funding.GM's decision to divest from Cruise comes as ...
8h
GM quits 'robotaxi' business but others push on
After admitting, less than a month ago, that it lied to federal Investigators about one of its robotaxis dragging a woman in ...
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