GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2024-12-25 13:29:49 source:lotradecoin benefits category:Invest

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.

Sponsor Message

More:Invest

Recommend

Hate crime charges dropped against 12 college students arrested in Maryland assault

SALISBURY, Md. (AP) — Prosecutors have dropped hate crime charges against 12 of the 15 Salisbury Uni

Phil McGraw, America's TV shrink, plans to end 'Dr. Phil' after 21 seasons

Phil McGraw, America's controversial TV therapist, is ending his reign as a king of daytime televisi

'Whoever holds power, it's going to corrupt them,' says 'Tár' director Todd Field

In the Oscar-nominated film Tár, Cate Blanchett plays a conductor who's risen to the top of the male