Current:Home > MarketsGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Wealth Evolution Experts
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-18 06:34:34
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! (71373)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Tiffany Haddish opens up about 2021 breakup with Common: It 'wasn't mutual'
- Dua Lipa and Boyfriend Romain Gavras Make Their Red Carpet Debut as a Couple at Cannes
- Taylor Swift Says She's Never Been Happier in Comments Made More Than a Month After Joe Alwyn Breakup
- The Daily Money: Spending more on holiday travel?
- Transcript: Former New Jersey Gov. Chris Christie on Face the Nation, June 18, 2023
- Greening of Building Sector on Track to Deliver Trillions in Savings by 2030
- Court Rejects Pipeline Rubber-Stamp, Orders Climate Impact Review
- Senate begins final push to expand Social Security benefits for millions of people
- After failing to land Lionel Messi, Al Hilal makes record bid for Kylian Mbappe
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Medications Can Raise Heat Stroke Risk. Are Doctors Prepared to Respond as the Planet Warms?
- These Amazon Travel Essentials Will Help You Stick To Your Daily Routine on Vacation
- What Does ’12 Years to Act on Climate Change’ (Now 11 Years) Really Mean?
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Trump (Sort of) Accepted Covid-19 Modeling. Don’t Expect the Same on Climate Change.
- There's a second outbreak of Marburg virus in Africa. Climate change could be a factor
- Weaponizing the American flag as a tool of hate
Recommendation
Tom Holland's New Venture Revealed
Transcript: Former Attorney General William Barr on Face the Nation, June 18, 2023
Here are the U.S. cities where rent is rising the fastest
New lawsuit provides most detailed account to date of alleged Northwestern football hazing
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
This Week in Clean Economy: West Coast ‘Green’ Jobs Data Shows Promise
Here Are Martha Stewart's Top Wellness Tips to Live Your Best Life
How an abortion pill ruling could threaten the FDA's regulatory authority