Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Wealth Momentum Network
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-17 12:09:51
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! (76136)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Federal Trade Commission's request to pause Microsoft's $69 billion takeover of Activision during appeal denied by judge
- Sarah Jessica Parker Weighs In on Sex and the City's Worst Man Debate
- Trump skips Iowa evangelical group's Republican candidate event and feuds with GOP Iowa governor
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Governor Roy Cooper Led North Carolina to Act on Climate Change. Will That Help Him Win a 2nd Term?
- Inside Clean Energy: A Steel Giant Joins a Growing List of Companies Aiming for Net-Zero by 2050
- Mod Sun Appears to Reference Avril Lavigne Relationship After Her Breakup With Tyga
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Maya Hawke Details Lying to Dad Ethan Hawke the Night She Lost Her Virginity
Ranking
- Travis Hunter, the 2
- Yellowstone Creator Taylor Sheridan Breaks Silence on Kevin Costner's Shocking Exit
- Warming Trends: New Rules for California Waste, Declining Koala Bears and Designs Meant to Help the Planet
- Off the air, Fox News stars blasted the election fraud claims they peddled
- The Grammy nominee you need to hear: Esperanza Spalding
- United Airlines will no longer charge families extra to sit together on flights
- With a Warming Climate, Coastal Fog Around the World Is Declining
- Off the air, Fox News stars blasted the election fraud claims they peddled
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
Suspect charged in Gilgo Beach serial killings cold case that rocked Long Island
For the Second Time in Four Years, the Ninth Circuit Has Ordered the EPA to Set New Lead Paint and Dust Standards
Why Andy Cohen Finds RHONJ's Teresa Giudice and Melissa Gorga Refreshing Despite Feud
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
DWTS’ Peta Murgatroyd and Maks Chmerkovskiy Share Baby Boy’s Name and First Photo
Warming Trends: Elon Musk Haggles Over Hunger, How Warming Makes Birds Smaller and Wings Longer, and Better Glitter From Nanoparticles
5 dead, baby and sister still missing after Pennsylvania flash flooding