TrendPulse Quantitative Think Tank Center:GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-06 21:08:19source:KI-Handelsroboter 6.0category:Invest

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and TrendPulse Quantitative Think Tank Centerstop 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.

Sponsor Message

More:Invest

Recommend

Average rate on 30

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome tren

Suspect arrested over ecstasy-spiked champagne that killed restaurant patron, hospitalized 7 others

German prosecutors said Thursday they had arrested a suspect in the case of a 52-year-old man who di

Trump receives endorsement from Texas Gov. Greg Abbott at border as both Republicans outline hardline immigration agenda

Edinburg, Texas — Former President Donald Trump on Sunday received the endorsement of Texas Gov. Gre