Current:Home > InvestGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Quantum Growth Learning
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-17 22:54:38
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! (1625)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Warming Trends: Bill Nye’s New Focus on Climate Change, Bottled Water as a Social Lens and the Coming End of Blacktop
- Can Africa Grow Without Fossil Fuels?
- At COP27, the US Said It Will Lead Efforts to Halt Deforestation. But at Home, the Biden Administration Is Considering Massive Old Growth Logging Projects
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- How AI could help rebuild the middle class
- With Build Back Better Stalled, Expanded Funding for a Civilian Climate Corps Hangs in the Balance
- As EPA’s Region 3 Administrator, Adam Ortiz Wants the Mid-Atlantic States to Become Climate-Conscious and Resilient
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- MrBeast YouTuber Chris Tyson Reflects on 26 Years of Hiding Their True Self in Birthday Message
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Pregnant Kourtney Kardashian Shows Off Her Baby Bump Progress in Hot Pink Bikini
- Pregnant Kourtney Kardashian Shows Off Her Baby Bump Progress in Hot Pink Bikini
- A Teenage Floridian Has Spent Half His Life Involved in Climate Litigation. He’s Not Giving Up
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- At COP27, an 11th-Hour Deal Comes Together as the US Reverses Course on ‘Loss and Damage’
- An Orlando drag show restaurant files lawsuit against Florida and Gov. Ron DeSantis
- See the Moment Meghan Trainor's Son Riley Met His Baby Brother
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
European watchdog fines Meta $1.3 billion over privacy violations
The man who busted the inflation-employment myth
Shifting Sands: Carolina’s Outer Banks Face a Precarious Future
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Warming Trends: Bill Nye’s New Focus on Climate Change, Bottled Water as a Social Lens and the Coming End of Blacktop
Strip Mining Worsened the Severity of Deadly Kentucky Floods, Say Former Mining Regulators. They Are Calling for an Investigation
The case for financial literacy education