Current:Home > MyGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -MacroWatch
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
View
Date:2025-04-17 18:29:34
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! (634)
Related
- Rylee Arnold Shares a Long
- Dora the Explorer Was Shockingly the Harshest Critic of the 2024 Super Bowl
- The Chiefs have achieved dynasty status with their third Super Bowl title in five years
- Republican effort to restore abortion rights in Missouri folds
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- New Mexico officer killed in stabbing before suspect is shot and killed by witness, police say
- Usher reflecting on history of segregation in Las Vegas was best Super Bowl pregame story
- Experts weigh in on the psychology of romantic regret: It sticks with people
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Pakistan election results show jailed former PM Imran Khan's backers heading for an election upset
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- If a Sports Bra and a Tank Top Had a Baby It Would Be This Ultra-Stretchy Cami- Get 3 for $29
- 'It's a love story': Taylor Swift congratulates Travis Kelce after Chiefs win Super Bowl
- Oscar nominees for films from ‘Oppenheimer’ and ‘Barbie’ to documentary shorts gather for luncheon
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- All the times number 13 was relevant in Super Bowl 58: A Taylor Swift conspiracy theory
- 'Has anyone seen my wife?': Ryan Reynolds searches for Blake Lively during Super Bowl 58
- Patrick Mahomes rallies the Chiefs to second straight Super Bowl title, 25-22 over 49ers in overtime
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Police identify Genesse Moreno as shooter at Joel Osteen's Lakewood Church: What we know
Two fired FirstEnergy executives indicted in $60 million Ohio bribery scheme, fail to surrender
What to know about a shooting at Joel Osteen’s megachurch in Texas during Sunday services
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
A female stingray at a NC aquarium becomes pregnant without a male mate. But how?
Review: Justin Hartley makes a handsome network heartthrob in 'Tracker'
Nor'easter, snow and storms forecast across New England through Tuesday