Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -OceanicInvest
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-18 16:20:48
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! (43)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- How Greenhouse Gases Released by the Oil and Gas Industry Far Exceed What Regulators Think They Know
- Jon Hamm Details Positive Personal Chapter in Marrying Anna Osceola
- Florida Commits $1 Billion to Climate Resilience. But After Hurricane Ian, Some Question the State’s Development Practices
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- The Navy Abandons a Plan to Develop a Golf Course on a Protected Conservation Site Near the Naval Academy in Annapolis
- Plan to Save North Dakota Coal Plant Faces Intense Backlash from Minnesotans Who Would Help Pay for It
- What the bonkers bond market means for you
- Sam Taylor
- Anwar Hadid Sparks Romance Rumors With Model Sophia Piccirilli
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- US Energy Transition Presents Organized Labor With New Opportunities, But Also Some Old Challenges
- Supreme Court looks at whether Medicare and Medicaid were overbilled under fraud law
- Kim Cattrall Reveals One Demand She Had for Her And Just Like That Surprise Appearance
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Man who ambushed Fargo officers searched kill fast, area events where there are crowds, officials say
- There are even more 2020 election defamation suits beyond the Fox-Dominion case
- A Florida Chemical Plant Has Fallen Behind in Its Pledge to Cut Emissions of a Potent Greenhouse Gas
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Fox News settles blockbuster defamation lawsuit with Dominion Voting Systems
In the Democrats’ Budget Package, a Billion Tons of Carbon Cuts at Stake
Vivek Ramaswamy reaches donor threshold for first Republican presidential primary debate
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
DC Young Fly Shares How He Cries All the Time Over Jacky Oh's Death
Will There Be a Barbie Movie Sequel? Margot Robbie Says...
The New US Climate Law Will Reduce Carbon Emissions and Make Electricity Less Expensive, Economists Say