Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -ApexWealth
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-17 15:16:30
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! (29376)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- 11-year-old graduates California junior college, has one piece of advice: 'Never give up'
- New lawsuit accuses Sean ‘Diddy’ Combs of sexually abusing college student in the 1990s
- A Walk in the Woods With My Brain on Fire: Spring
- Travis Hunter, the 2
- WWE King and Queen of the Ring 2024: Time, how to watch, match card and more
- Home prices reach record high of $387,600, putting damper on spring season
- Video shows Nissan SUV catch on fire in family's driveway; carmaker is investigating
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Home prices reach record high of $387,600, putting damper on spring season
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- 20 Singapore Airlines passengers injured by turbulence still in intensive care, many needing spinal surgery
- Sydney judge says US ex-fighter pilot accused of training Chinese aviators can be extradited to US
- Dolly Parton to spotlight her family in new album and docuseries 'Smoky Mountain DNA'
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Naomi Osaka's message to young Asian players: Embrace your unique backgrounds and cultures
- 20 Singapore Airlines passengers injured by turbulence still in intensive care, many needing spinal surgery
- Sean Diddy Combs accused of sexually abusing and drugging NYC college student in 1990s, lawsuit says
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Over 100,000 in Texas without power due to severe thunderstorms, tornadoes: See map
What is clear-air turbulence? What to know about the very violent phenomenon
Louisiana legislature approves bill to classify abortion pills as controlled substances
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Sydney judge says US ex-fighter pilot accused of training Chinese aviators can be extradited to US
Travis Kelce Breaks Silence on Harrison Butker’s Controversial Commencement Speech
Tribes say their future is at stake as they push for Congress to consider Colorado River settlement