General Motors Company (GM)
Is General Motors (GM) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Here is how General Motors (GM) and Hyliion Holdings Corp. (HYLN) have performed compared to their sector so far this year.
From growth to gone: GM's Cruise robotaxi business is latest growth initiative to falter
GM CEO Mary Barra, with the ending of its Cruise robotaxi operations, made it clear that the automaker's growth priorities have shifted amid a broader, industrywide retrench to preserve capital. The driverless ride-hailing service was supposed to be the shining star of GM's growth opportunities, leading to $50 billion in revenue by the end of this decade.
General Motors Hits Costly $5 Billion Speed Bump Overseas
China was once the land of promise for Detroit automakers. With the country's booming middle class, and surging light-vehicle market, the companies could only see dollar signs.
GM ‘blindsides' Cruise by giving up on robotaxis
Welcome back to Week in Review. This week, we're looking at GM's decision to pull out of the robotaxi business, Google alluding to the existence of multiple universes, and how you can make some serious cash by getting an AI bot to fall in love with you.
General Motors Scraps Cruise, Alphabet's Waymo A Big Part Of The Reason Why
GM exits the global robotaxi business, saving $1 billion annually, after investing $10 billion in Cruise since 2016. Competition from Waymo and Amazon, coupled with operational challenges, led to GM's decision to drop Cruise. GM is focused on restructuring its BEV business, China operations, and returning cash to shareholders through buybacks and dividends.
RIP, Cruise robotaxi
GM's decision to no longer fund its self-driving car subsidiary Cruise was a surprise to many — and got me thinking about this startup that I've come to know over the years.
The Zacks Analyst Blog General Motors, Alphabet's, Tesla, Amazon's and Baidu
General Motors, Alphabet's, Tesla, Amazon's and Baidu are included in this Analyst Blog.
Wall Street mostly upbeat on GM's decision to pull the plug on Cruise
General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.
Wall Street mostly upbeat on GM's decision to pull the plug on Cruise
General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.
General Motor Stock Lower After Ditching Robotaxi Unit
General Motors Co (NYSE:GM) stock is down 1.3% to trade at $52.07 at last check, amid news that the company stopped funding the development of its Cruise robotaxi.
GM Stock Slides After Robotaxi U-Turn But Analysts See Upside
GM exited Cruise robotaxis after sinking $10 billion into their development. The post GM Stock Slides After Robotaxi U-Turn But Analysts See Upside appeared first on Investor's Business Daily.
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 — and eventually fully autonomous personal vehicles.
