Current:Home > InvestGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Mastery Money Tools
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-14 20:20:05
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! (78929)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Aerosmith Peace Out: See the setlist for the iconic band's farewell tour
- Student loan repayments surge ahead of official restart, but many may still be scrambling
- Prescriptions for fresh fruits and vegetables help boost heart health
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- More than 85,000 highchairs that pose a fall risk are being recalled
- Sweet emotion in Philadelphia as Aerosmith starts its farewell tour, and fans dream on
- The US government is eager to restore powers to keep dangerous chemicals out of extremists’ hands
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Meet Ben Shelton, US Open quarterfinalist poised to become next American tennis star
Ranking
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- The Black Lives Matter movement: Has its moment passed? 5 Things podcast
- Bodies of two adults and two children found in Seattle house after fire and reported shooting
- Living It Up With Blue Ivy, Rumi and Sir Carter: The Unusual World of Beyoncé and Jay-Z's 3 Kids
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Russia moon probe crash likely left 33-foot-wide crater on the lunar surface, NASA images show
- Some businesses in Vermont's flood-wracked capital city reopen
- Francis opens clinic on 1st papal visit to Mongolia. He says it’s about charity not conversion
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Inside Nick Cordero and Amanda Kloots' Heartwarming, Heartbreaking Love Story
Jimmy Buffett: 10 of his best songs including 'Margaritaville' and 'Come Monday'
Las Vegas drying out after 2 days of heavy rainfall that prompted water rescues, possible drowning
Could your smelly farts help science?
Adele tells crowd she's wearing silver for Beyoncé show: 'I might look like a disco ball'
Bodies of two adults and two children found in Seattle house after fire and reported shooting
Four-man Space X Crew Dragon spacecraft wraps up six-month stay in orbit