Current:Home > FinanceGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -MoneyStream
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-16 06:33:55
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! (27)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- 2025 'Doomsday Clock': This is how close we are to self
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- A South Texas lawmaker’s 15
- Global Warming Set the Stage for Los Angeles Fires
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Ranking
- Intel's stock did something it hasn't done since 2022
- See you latte: Starbucks plans to cut 30% of its menu
- Nevada attorney general revives 2020 fake electors case
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Don't let hackers fool you with a 'scam
- The Grammy nominee you need to hear: Esperanza Spalding
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
A White House order claims to end 'censorship.' What does that mean?
SFO's new sensory room helps neurodivergent travelers fight flying jitters
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds