Current:Home > FinanceGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -ProsperityStream Academy
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-12 01:32:53
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! (6)
Related
- Intel's stock did something it hasn't done since 2022
- Super Bowl flights added by airlines with nods to Taylor Swift and Travis Kelce
- Amazon and iRobot cut ties: Roomba-maker to lay off 31% of workforce as acquisition falls through
- Woman seriously injured after shark attack in Sydney Harbor
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Chicago to extend migrant shelter stay limits over concerns about long-term housing, employment
- Republican-led Kentucky House passes bill aimed at making paid family leave more accessible
- Venezuelan opposition candidate blocked by court calls it ‘judicial criminality,’ won’t abandon race
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Toyota urges owners of old Corolla, Matrix and RAV4 models to park them until air bags are replaced
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Kidnapping suspect killed, 2 deputies wounded in gunfire exchange after pursuit, officials say
- Tax filing opens today. Here's what to know about your 2024 tax refund.
- Who Is Pookie? Breaking Down the TikTok Couple Going Viral
- Travis Hunter, the 2
- There are countless options for whitening your teeth. Here’s where to start.
- ‘Expats,’ starring Nicole Kidman, was filmed in Hong Kong, but you can’t watch it there
- In the battle over identity, a centuries-old issue looms in Taiwan: hunting
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
AP PHOTOS: As Carnival opens, Venice honors native son Marco Polo on 700th anniversary of his death
Man who served longest wrongful conviction in U.S. history files lawsuit against police
Indiana lawmakers vote to let some state officials carry handguns on Capitol grounds
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Expletive. Fight. More expletives. Chiefs reach Super Bowl and win trash-talking battle
In an aging nation, these states are home to the oldest residents on average
Expletive. Fight. More expletives. Chiefs reach Super Bowl and win trash-talking battle