Current:Home > MarketsGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Streamline Finance
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-15 23:19:05
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! (323)
Related
- 9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
- Former Albanian prime minister says he’s charged with corruption and money laundering in land deal
- Michigan football suspends analyst Connor Stalions amid NCAA investigation of Wolverines
- The IRS will soon set new tax brackets for 2024. Here's what that means for your money.
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Inside the Dark, Sometimes Deadly World of Cosmetic Surgery
- Little light, no beds, not enough anesthesia: A view from the ‘nightmare’ of Gaza’s hospitals
- Elite gymnast Kara Eaker announces retirement, alleges abuse while training at Utah
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Company bosses and workers grapple with the fallout of speaking up about the Israel-Hamas war
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- John Legend says he sees his father in himself as his family grows: I'm definitely my dad's son
- Pakistan’s thrice-elected, self-exiled former Prime Minister Nawaz Sharif returns home ahead of vote
- Craig Kimbrel melts down as Diamondbacks rally to beat Phillies, even up NLCS
- IOC's decision to separate speed climbing from other disciplines paying off
- Storm hits northern Europe, killing at least 4 people
- Tesla recall: Nearly 55,000 new-model vehicles affected by brake safety issue
- Powell returns late interception 89 yards for TD, No. 5 Washington survives Arizona State 15-7
Recommendation
Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
Millions of rural Americans rely on private wells. Few regularly test their water.
Sydney Sweeney Gives Her Goof Ball Costar Glen Powell a Birthday Shoutout
Lawyers call for ousted Niger president’s release after the junta says it foiled an escape attempt
Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
Tesla recall: Nearly 55,000 new-model vehicles affected by brake safety issue
A 5.2 magnitude earthquake in Nepal damages dozens of homes and causes a landslide
Synagogue president found stabbed to death outside home