By closing the Robotaxi subsidiary, GM aims to reduce its costs by one billion US dollars per year. GM has invested tens of billions in Cruise since 2016, with 1.7 billion US dollars in 2024 alone.

GM expects to cut the program costs by as much as $1 billion per year by ending the Cruise robotaxi development effort. Reportedly, nearly half of Cruise’s 2,100 employees will be made redundant as a ...

GM's Cruise unit drops out of robotaxi race May Mobility slashes growth plans in Ann Arbor GM’s Cruise owns up to robotaxi mess in hopes of getting cars back on the road The move to gut the ...

General Motors announced major layoffs at Cruise, its robotaxi venture, as it moves away from robotaxis following an unfortunate event in Las Vegas last year. About 1,000 employees have been put ...

General Motors (GM) is laying off around half of the workforce from its discontinued Cruise robotaxi business, following its decision to shut down the segment in December. The layoffs comes nearly ...