General Motors Company (GM)
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.
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.
