Current:Home > InvestGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -ProgressCapital
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-14 08:11:00
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! (9)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Surfer Bethany Hamilton Shares Update After 3-Year-Old Nephew's Drowning Incident
- What makes the New York Liberty defense so good? They have 'some super long people'
- Chargers coach Jim Harbaugh reveals heart condition prompted temporary exit vs. Broncos
- Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
- Bath & Body Works candle removed from stores when some say it looks like KKK hood
- Striking photos show stunning, once-in-a-lifetime comet soaring over US
- Inside LSU football's wild comeback that will change Brian Kelly's tenure (Or maybe not.)
- Retirement planning: 3 crucial moves everyone should make before 2025
- Trump’s campaign crowdfunded millions online in an untraditional approach to emergency relief
Ranking
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Cowboys stuck in a house of horrors with latest home blowout loss to Lions
- Opinion: Penn State reverses script in comeback at USC to boost College Football Playoff hopes
- Feel Your Best: Body Care Products to Elevate Your Routine
- A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
- Week 6 fantasy football rankings: PPR, half-PPR and standard leagues
- 'Saturday Night Live' brilliantly spoofs UFC promos with Ariana Grande as Celine Dion
- Spike Lee’s 1st trip, Michael Jordan’s welcome to newcomers and more from basketball Hall of Fame
Recommendation
A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
Andrew Garfield and Dr. Kate Tomas Break Up
Striking photos show stunning, once-in-a-lifetime comet soaring over US
'Just a pitching clinic': Jack Flaherty gem vs. Mets has Dodgers sitting pretty in NLCS
Southern California rocked by series of earthquakes: Is a bigger one brewing?
Teddi Mellencamp Details the Toughest Part of Her Melanoma Battle: You Have Very Dark Moments
Republican lawsuits target rules for overseas voters, but those ballots are already sent
When is daylight saving time ending this year, and when do our clocks 'fall back?'