James Caldwell|GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-02 04:51:48source:LibertyCoincategory:Finance

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and James Caldwellstop 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.

Sponsor Message

More:Finance

Recommend

Police remove gator from pool in North Carolina town: Watch video of 'arrest'

Authorities in a North Carolina town arrested an unlikely offender from a community swimming pool.An

Bill Belichick-Patriots split: What we know and what's next for head coach, New England

One of the longest head coaching tenures in NFL history has come to an end with Bill Belichick no lo

Greek government’s plans to legalize same-sex marriage win key opposition backing

ATHENS, Greece (AP) — The center-right Greek government’s plans to legalize same-sex civil marriage