GM Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s Super Cruise system, which it has installed in many of its newer models. GM’s shift to Super Cruise is two-fold: First and foremost,
GM gives up on loss-making Cruise robotaxi business
General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said too much time and resources would be required to make Cruise a success.
Cruise held an all-hands meeting today, in which it announced that GM had acquired full control of the company. A ...
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GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
All told, the General Motors-owned business let go about 50% of its workforce, Cruise spokeswoman Sara Autio said in an emailed statement. That figure includes employees based in ...
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