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

General Motors (GM) is laying off around half of the workforce from its discontinued Cruise robotaxi business, following its decision to shut down the segment in December. The layoffs comes nearly ...

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.

Tesla claims it will have a two-door robotaxi due "before 2027," but that seems highly unlikely. In December 2024, GM killed its Cruise robotaxi project after dumping $10 billion in the startup it ...

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 ...