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 ...
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit
Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over ...
General Motors ‘Will No Longer Fund’ Autonomous Vehicle Company Cruise
It was reported Cruise admitted to lying to federal investigators about the event. The news came after the National Highway ...
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 ...
Uber Stock Is Rebounding Day After GM Scrapped Cruise Robotaxi Program
General Motors announced the closure of its robotaxi program and sent shares of Uber a former partner, into a spiral. Uber ...
With General Motors pulling the plug on Cruise, every American automaker except Tesla has called it quits on robotaxis
Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk ...
General Motors Gives Up on Its Cruise Robotaxi Dreams
The company will shutter its Cruise autonomous-car division, refocusing its efforts on expanding Super Cruise and adding self ...
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 ...
TweakTown4h
Microsoft expects share price drop and a $800 million fine after GM exits robotaxi business
General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...
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 ...
GM moves away from the robotaxi business axing Cruise
General Motors is calling it quits on its goal of operating a robotaxi service. On Tuesday, GM announced it would combine its ...
MyJoyOnline14h
General Motors pulls plug on robotaxi business
In October, Tesla boss Elon Musk unveiled the electric car giant's long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. GM attributed the change of strategy to "the ...