Current:Home > FinanceGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -PureWealth Academy
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-24 13:28:44
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! (22)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- Thousands in Mexico demand justice for LGBTQ+ figure found dead after death threats
- A woman killed in Belgium decades ago has been identified when a relative saw her distinctive tattoo
- Step Inside Travis Barker's Thanksgiving-Themed Birthday Party Hosted By Kourtney Kardashian
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- 'Low-down dirty shame': Officials exhume Mississippi man killed by police, family not allowed to see
- Renowned Canadian-born Israeli peace activist Vivian Silver is confirmed killed in Hamas attack
- Colorado supermarket shooting suspect pleads not guilty by reason of insanity
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- The Excerpt: Many Americans don't have access to safe drinking water. How do we fix that?
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Suspected German anti-government extremist convicted of shooting at police
- Teachers union and school committee in Massachusetts town reach deal to end strike
- Transgender rights are under attack. But trans people 'just want to thrive and survive.'
- Bodycam footage shows high
- Leighton Vander Esch out for season. Jerry Jones weighs in on linebacker's future.
- Matt LeBlanc, Courteney Cox remember friend and co-star Matthew Perry after actor's death
- How Shaun White is Emulating Yes Man in His Retirement
Recommendation
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
“Shocked” Travis Kelce Reacts to Taylor Swift’s Concert Shoutout
Crumbling contender? Bills make drastic move with Ken Dorsey, but issues may prove insurmountable
Google CEO Sundar Pichai returns to court to defend internet company for second time in two weeks
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Biden, Xi meeting is aimed at getting relationship back on better footing, but tough issues loom
Donna Kelce Reveals How Son Travis Kelce Blocks Out the Noise
Review: 'A Murder at the End of the World' is Agatha Christie meets TikTok (in a good way)