Current:Home > StocksGM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Zenith Money Vision
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
Fastexy Exchange View
Date:2025-04-08 23:56:29
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! (955)
Related
- Current, future North Carolina governor’s challenge of power
- How Natalia Bryant Is Channeling Late Dad Kobe Into Her Own Legacy
- Nella Domenici, daughter of late US senator from New Mexico, launches her own bid for a seat
- Former Team USA gymnast Maggie Nichols chronicles her journey from NCAA champion to Athlete A in new memoir
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Snuggle up With the BaubleBar Blanket Everyone Has on Real Housewives of Beverly Hills
- SISTAR19 is back: Members reflect on first new music in a decade, creating 'NO MORE (MA BOY)'
- Biden administration finalizes a $1.1 billion aid package for California’s last nuclear power plant
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Sophie Turner Drops Joe Jonas Lawsuit After Reaching Child Custody Agreement
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Ocean explorers discover 4 new species of deep-sea octopus, scientists say
- Trump-backed Ohio US Senate candidate and businessman Moreno faced discrimination suits, AP finds
- 3M now issuing payments to vets as part of $6 billion settlement over earplugs
- A White House order claims to end 'censorship.' What does that mean?
- Donald Trump tops off a long day in court with a long, rambling speech at New Hampshire rally
- Wisconsin Republicans appear to be at an impasse over medical marijuana legalization plan
- What to do if your pipes freeze at home, according to plumbing experts
Recommendation
Meta donates $1 million to Trump’s inauguration fund
Music Review: Rolling Stones’ ‘Hackney Diamonds’ live album will give you serious party FOMO
Gov. Andy Beshear’s allies form group to promote the Democrat’s agenda in GOP-leaning Kentucky
'We're home': 140 years after forced exile, the Tonkawa reclaim a sacred part of Texas
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Proof You've Been Pronouncing Travis Kelce's Name Wrong This Whole Time
Kenya doomsday cult leader, 30 others face charges of murdering 191 children; more charges to follow
What temperatures are too cold for dogs, cats and more animals? Experts explain when to bring them inside