GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...

As a result, GM said it will no longer fund Cruise’s robotaxi development, given the considerable time and resources needed to scale the business, along with an increasingly competitive robotaxi ...

Last July, GM ended the development of the purpose-built, box-shaped Origin robotaxi, which did not have a steering wheel, or brake and accelerator pedals. At the time, GM pledged to concentrate ...

The automaker reported a $3 billion income loss in Q4, fueled by $4 billion in restructuring costs in China and $500 million in expenses connected to shuttering its Cruise robotaxi unit.

In December 2024, GM announced it will not fund further Cruise robotaxi efforts and in 2025 will merge some Cruise people and technology with GM's SuperCruise to pursue Level 3 and Level 4 AVs for ...

By February 2025, the service has expanded to nearly 80 square miles, and Waymo began testing its driverless operations on ...

Late in 2024 when General Motors (NYSE: GM) announced it would no longer fund robotaxi development with its majority-owned Cruise business, some investors considered it a blow to its long-term ...

His new bill proposes to provide a 200% tax deduction for wages paid to American auto workers earning up to $150,000 a year.

Select riders can now call a self-driving taxi in Mountain View, Los Altos, Palo Alto, and parts of Sunnyvale. Is the Alphabet-owned company looking to get ahead of Tesla's robotaxi ambitions?

said GM appears to remain committed to advanced driver assist technology internally, which is why its exit on robotaxi initiatives was something of a head-scratcher on Wall Street. More ...