John Murphy, Bank of America Securities managing director and lead U.S. auto analyst, said GM appears to remain committed to ...

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 ...

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.

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 ...

General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The 1,000 who remain at General Motors will be folded into the company's ...

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

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 ...

By February 2025, the service has expanded to nearly 80 square miles, and Waymo began testing its driverless operations on ...

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 ...