Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -CapitalWay
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-13 18:53:27
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! (63)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- We'll Have 30 Secrets About When Harry Met Sally—And What She's Having
- How to time your flu shot for best protection
- John Hickenlooper on Climate Change: Where the Candidate Stands
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Jay Johnston, Bob's Burgers and Arrested Development actor, charged for alleged role in Jan. 6 attack
- Villains Again? Fannie Mae and Freddie Mac Nix Innovative Home Energy Programs
- Save 75% on Kate Spade Mother's Day Gifts: Handbags, Pajamas, Jewelry, Wallets, and More
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Fracking the Everglades? Many Floridians Recoil as House Approves Bill
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- How does air quality affect our health? Doctors explain the potential impacts
- Katy Perry Responds After Video of Her Searching for Her Seat at King Charles III's Coronation Goes Viral
- 24 Luxury Mother's Day Gifts to Pamper Mom
- Buckingham Palace staff under investigation for 'bar brawl'
- Today’s Climate: June 30, 2010
- California Well Leaking Methane Ordered Sealed by Air Quality Agency
- Kim Kardashian's Son Psalm West Celebrates 4th Birthday at Fire Truck-Themed Party
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
22 National Science Academies Urge Government Action on Climate Change
This Is Prince Louis' World and the Royals Are Just Living In It
8 Answers to the Judge’s Climate Change Questions in Cities vs. Fossil Fuels Case
Nevada attorney general revives 2020 fake electors case
Mercaptans in Methane Leak Make Porter Ranch Residents Sick, and Fearful
Key Tool in EU Clean Energy Boom Will Only Work in U.S. in Local Contexts
California’s New Methane Rules Would Be the Nation’s Strongest