GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...

We recently compiled a list of the 12 Best Consumer Cyclical Dividend Stocks to Buy Right Now. In this article, we are going ...

GM's Super Cruise hands-free driving system is the winner of MotorTrend's inaugural Best Tech Award in the Driver Assistance ...

GM CEO Mary Barra pulled the plug on Cruise in ... Cruise has also begun to notify its customers about the shutdown of its robotaxi service. “We unfortunately will not be relaunching our ...

part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business. Several of Cruise’s leaders, including Chief Executive Officer Marc Whitten ...

The layoffs come nearly two months after GM said it would no longer fund the development of a commercial robotaxi business and would instead focus on building personal autonomous vehicle technology.

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 ...

said GM appears to remain committed to advanced driver assist technology internally, which is why its exit on robotaxi initiatives was something of a head-scratcher on Wall Street. “It was a lit ...

General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business. The plans come two months after GM said it would no longer fund Cruise after ...

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 ...

The move to gut the staff punctuates GM’s rapid retreat from the robotaxi business and strategic shift on self-driving cars. As recently as late 2024, the company had been planning to take the ...