General Motors Co. (GM)
GM Drops Out Of The Robotaxi Race. Who Will Win?
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GM gives up on robotaxis after a string of troubles with Cruise
GM is halting Cruise robotaxi development, merging it with its own technical team. The decision follows safety issues, regulatory challenges, and intense competition in the field.
Cruise employees ‘blindsided' by GM's plan to end robotaxi program
The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company's announcements channel along with a link to a press release entitled “GM to refocus autonomous driving development on personal vehicles.”
General Motors (GM) Advances While Market Declines: Some Information for Investors
General Motors (GM) concluded the recent trading session at $52.74, signifying a +0.06% move from its prior day's close.
GM pulls plug on Cruise robotaxi after investing more than $10B in self-driving business
GM cited "considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."
How GM's self-driving strategy is evolving as it gives up on Cruise business
General Motors has bailed on its Cruise robotaxis, citing the amount of time and resources needed to scale the business and an “increasingly competitive” market for autonomous vehicles.
G.M. Will Stop Developing Self-Driving Taxis
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.
General Motors Scraps Cruise Robotaxi Program
Carmaker cites competition, time and costs needed to scale the business.
GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles
General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car subsidiary Cruise and combine it with the automaker's own efforts to develop driver assistance features for its cars.
GM halts funding of robotaxi development by Cruise
GM halts funding of robotaxi development by Cruise
General Motors to drop development of Cruise robotaxi
Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.
General Motors Company (GM) is Attracting Investor Attention: Here is What You Should Know
General Motors (GM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
