Current:Home > reviewsGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -StockPrime
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
NovaQuant Quantitative Think Tank Center View
Date:2025-04-10 04:28:31
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! (31)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Prince Harry and Meghan Markle's Rep Slams Abhorrent Allegations About Car Chase Being a PR Stunt
- Accidental shootings by children keep happening. How toddlers are able to fire guns.
- Post-pandemic, even hospital care goes remote
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- It's never too late to explore your gender identity. Here's how to start
- Walmart will dim store light weekly for those with sensory disabilities
- Bruce Willis' 9-Year-Old Daughter Is Researching Dementia Amid Dad's Health Journey
- The Daily Money: Spending more on holiday travel?
- Tracking health threats, one sewage sample at a time
Ranking
- Trump's 'stop
- Thor Actor Ray Stevenson's Marvel Family Reacts to His Death
- What’s an Electric Car Champion Doing in Romney’s Inner Circle?
- Diversity in medicine can save lives. Here's why there aren't more doctors of color
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Study finds gun assault rates doubled for children in 4 major cities during pandemic
- Generic abortion pill manufacturer sues FDA in effort to preserve access
- Taxpayers no longer have to fear the IRS knocking on their doors. IRS is ending practice.
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
When a prison sentence becomes a death sentence
Climate Change Threatens a Giant of West Virginia’s Landscape, and It’s Rippling Through Ecosystems and Lives
The Truth About Tom Sandoval and Influencer Karlee Hale's Relationship
In ‘Nickel Boys,’ striving for a new way to see
Blast off this August with 'Guardians of the Galaxy Vol. 3' exclusively on Disney+
New Samsung Galaxy devices are coming—this is your last chance to pre-order and get $50 off
Horoscopes Today, July 23, 2023