Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Wealth Harmony Labs
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-26 12:53:12
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! (48479)
Related
- Boy who wandered away from his 5th birthday party found dead in canal, police say
- Ariana Grande’s Rare Tribute to Husband Dalton Gomez Is Just Like Magic
- When is it OK to make germs worse in a lab? It's a more relevant question than ever
- Florida Fracking Ban Bill Draws Bipartisan Support
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- State Clean Energy Mandates Have Little Effect on Electricity Rates So Far
- FDA expands frozen strawberries recall over possible hepatitis A contamination
- 25 people in Florida are charged with a scheme to get fake nursing diplomas
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- A police dog has died in a hot patrol car for the second time in a week
Ranking
- Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
- When is it OK to make germs worse in a lab? It's a more relevant question than ever
- At Davos, the Greta-Donald Dust-Up Was Hardly a Fair Fight
- Nursing home owners drained cash while residents deteriorated, state filings suggest
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Joe Biden on Climate Change: Where the Candidate Stands
- Standing Rock Leaders Tell Dakota Pipeline Protesters to Leave Protest Camp
- A Year of Climate Change Evidence: Notes from a Science Reporter’s Journal
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Philadelphia woman killed by debris while driving on I-95 day after highway collapse
Police officer who shot 11-year-old Mississippi boy suspended without pay
How will Trump's lawyers handle his federal indictment? Legal experts predict these strategies will be key
Family of explorer who died in the Titan sub implosion seeks $50M-plus in wrongful death lawsuit
Elizabeth Holmes, once worth $4.5 billion, says she can't afford to pay victims $250 a month
It’s ‘Going to End with Me’: The Fate of Gulf Fisheries in a Warming World
Clean Energy Investment ‘Bank’ Has Bipartisan Support, But No Money