Current:Home > FinanceGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -WealthMindset Learning
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-15 04:45:11
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! (318)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Ryan and Trista Sutter's 2 Kids Are All Grown Up in Rare Appearance at Golden Bachelor Wedding
- Trump should be barred from New York real estate industry, fined $370 million, New York Attorney General Letitia James says
- Michael Bolton Shares Brain Tumor Diagnosis
- 'Most Whopper
- Abortion initiative hits milestone for getting in front of Florida voters
- Belarus’ authoritarian leader tightens control over the country’s religious groups
- How Gypsy Rose Blanchard Feels About Ex Nicholas Godejohn Amid His Life in Prison Sentence
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- A Peloton instructor ranted about how she disliked the movie Tenet. Christopher Nolan, the film's director, happened to take that class.
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- McDonald's CEO says Israel-Hamas war is having a meaningful impact on its business
- Vanessa and Nick Lachey Prove Daughter Brooklyn Is Growing Up Fast on 9th Birthday
- Football is king: NFL dominates television viewing in 2023
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- UN chief names a new envoy to scope out the chances of reviving Cyprus peace talks
- How to choose a resolution you can stick to
- David Soul, who played Hutch in TV's Starsky and Hutch, dies at age 80
Recommendation
'We're reborn!' Gazans express joy at returning home to north
This week on Sunday Morning (January 7)
The White Lotus Season 3 Cast Revealed
NYC subway crews wrestle derailed train back on tracks, as crash disrupts service for second day
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Nude man nabbed by police after ‘cannonball’ plunge into giant aquarium at Bass Pro Shop in Alabama
New Jersey to allow teens who’ll be 18 by a general election to vote in primaries
US Mint releases commemorative coins to honor abolitionist hero Harriet Tubman