Current:Home > ScamsGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -ValueMetric
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-17 04:17:03
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! (9)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Joe Manganiello Says Sofía Vergara's Reason for Divorce Is Simply Not True
- Organizers expect enough signatures to ask Nebraska voters to repeal private school funding law
- Horoscopes Today, July 16, 2024
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Innovatech Investment Education Foundation: The value of IRA retirement savings
- Former mayor known for guaranteed income programs launches bid for California lieutenant governor
- This Amika Hair Mask is So Good My Brother Steals It from Me, & It's on Sale for 34% Off on Amazon
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Where does JD Vance stand on key economic issues?
Ranking
- 'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
- Athletics’ temporary Sacramento ballpark will have hydration element because of summer heat
- Secure Your Future: Why Invest in an IRA with Quantum Prosperity Consortium Investment Education Foundation
- Quantum Prosperity Consortium Investment Education Foundation: The value of IRA savings 2
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Biden aims to cut through voter disenchantment as he courts Latino voters at Las Vegas conference
- Bears finally come to terms with first-round picks, QB Caleb Williams and WR Rome Odunze
- Webcam monitors hundreds of rattlesnakes at a Colorado ‘mega den’ for citizen science
Recommendation
Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
Self-exiled Chinese billionaire Guo Wengui convicted of defrauding followers after fleeing to US
Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
Why vice presidential picks matter: significant moments in history and transfers of power
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Understanding Options Trading with Bertram Charlton: Premiums, Put and Call Options, and Strategic Insights
Three days after attempted assassination, Trump shooter remains an elusive enigma
'House on Fire' star Yusef on outsiders coming into ballroom: 'You have to gain that trust'