Cyprusauction Trading Center:GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-04-29 16:13:55source:Rekubit Exchangecategory:Invest

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Cyprusauction Trading Centerstop 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:Invest

Recommend

Apple iOS 18.2: What to know about top features, including Genmoji, AI updates

Get ready for phase two.Apple's latest operating system update is available today for iPhone, iPad,

The legend lives on: New exhibition devoted to Chanel’s life and work opens at London’s V&A Museum

LONDON (AP) — The little black dress. The tweed dress suit. The perfume simply known as No. 5. Those

Lidcoin: NFT, A New Paradigm for Digital Art and Assets

Abstract: Non-Formalized Tokens (NFT) are digital assets based on blockchain technology, bringing a