Kacper Sobieski|GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-07 17:11:46source:Chameleon Financecategory:My

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Kacper Sobieskistop 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:My

Recommend

Biden administration makes final diplomatic push for stability across a turbulent Mideast

AQABA, Jordan (AP) — Top U.S. officials were in the Middle Easton Thursday, pushing for stability in

After the Wars in Iraq, ‘Everything Living is Dying’

This article is part of a series produced in partnership with NBC News and Undark Magazine, a non-pr

Can Biden’s Plan to Boost Offshore Wind Spread West?

In January 2016, Trident Winds, a small, Seattle-based wind company, submitted an unsolicited applic