Current:Home > MarketsGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -FutureWise Finance
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-27 13:57:30
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! (62862)
Related
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Barack Obama reveals summer 2024 playlist, book recs: Charli XCX, Shaboozey, more
- Julianne Hough tearfully recounts split from ex-husband Brooks Laich: 'An unraveling'
- Why Post Malone Thinks It Would Suck to Be Taylor Swift or Beyoncé
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Blake Lively and Ryan Reynolds mark first married couple to top box office in 34 years
- Scientists make first-of-its-kind discovery on Mars - miles below planet's surface
- As Olympic flag lands in Los Angeles, pressure turns up for 2028 Summer Games
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- LA won't try to 'out-Paris Paris' in 2028 Olympics. Organizers want to stay true to city
Ranking
- Don't let hackers fool you with a 'scam
- Hoda Kotb Shares Outlook on Her Dating Life Moving Forward
- Scientists make first-of-its-kind discovery on Mars - miles below planet's surface
- Pokémon Voice Actor Rachael Lillis Dead at 46
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- New metal detectors delay students’ first day of school in one South Florida district
- Texas’ overcrowded and understaffed jails send people awaiting trial to other counties and states
- Old School: Gaughan’s throwback approach keeps South Point flourishing
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Kylie Jenner Responds to Accusations She Used Weight Loss Drugs After Her Pregnancies
Hoda Kotb tearfully reflects on motherhood during 60th birthday bash on 'Today' show
Former Cornell student gets 21 months in prison for posting violent threats to Jewish students
The Super Bowl could end in a 'three
Porsha Williams Mourns Death of Cousin and Costar Yolanda “Londie” Favors
Stud Earrings That We Think Are 'Very Demure, Very Cutesy'
3 killed when a train strikes a van crossing tracks in Virginia