Wall Street mostly upbeat on GM's decision to pull the plug on Cruise
General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.
GM to Stop Funding Development of Cruise Robotaxis
General Motors said on Tuesday it will stop funding development of robotaxis at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology unit a top priority. GM said it would not fund work on the robotaxis "given the considerable time and resources that would be needed to scale the business,
The company suspended the Cruise self-driving taxi service late last year after a vehicle struck and seriously injured a ...
It was reported Cruise admitted to lying to federal investigators about the event. The news came after the National Highway ...
Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost controls going into 2025.
Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it ...
General Motors CEO Mary Barra says she's still bullish on her company's prospects amid challenges with EVs and issues with ...
1don MSN
We recently published a list of 10 Best Self-Driving Technology Stocks To Buy According to Hedge Funds. In this article, we ...
Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in ...
General Motors has teamed up with a materials science startup with the goal of enhancing performance and increasing the ...
General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...
General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle ...
Barra said she looks forward to working with the Trump administration and expects he will listen to GM's input on regulations.
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