General Motors Company (GM)
Cruise founder calls GM 'a bunch of dummies' after automaker shuts down robotaxi startup
Cruise founder Kyle Vogt criticized GM's decision to pull robotaxi funding. GM's decision to divest from Cruise comes as other tech giants forge ahead with robotaxi plans.
Here's Why General Motors (GM) is a Strong Value Stock
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Cramer's Mad Dash: General Motors
CNBC's Jim Cramer delivers his daily Mad Dash.
GM's Cruise U-turn is a sign of just how hard the robotaxi game really is
General Motors just pulled the plug on Cruise's robotaxi dreams. The self-driving venture has been in doubt since a pedestrian was seriously injured last year.
General Motors: Cruise Cancellation Is Not A Big Deal
General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle production. I previously rated GM stock a strong buy due to double-digit revenue growth and significant EV delivery momentum, despite concerns about the EV market slowdown. GM's restructuring allows the company to reinvest in its EV division or return cash to shareholders, enhancing long-term value.
GM's Cruise exit turns focus on challenges of scaling robotaxis
General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the technology and deep pockets to fund it.
GM Walks Away From Robotaxis
General Motors Co. (NYSE: GM) has walked away from what many auto experts believe is a critical part of the industry's future just as Tesla Inc.
GM Abandons Cruise Robotaxi Program
General Motors (GM) said it was abandoning its Cruise driverless ride-hailing service due to its high costs and the scale needed in an increasingly competitive market.
GM pulls the plug on robotaxi plan
CNBC's Andrew Ross Sorkin reports on the latest news.
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.”
