GM, Cruise and Robotaxi

GM is closing its subsidiary Cruise, which has been developing self-driving cars. GM is only taking on around half of the ...
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair Mary Barra said Tuesday during the company’s earnings call. The estimate ...
Why It Matters: In December, GM said it would no longer fund Cruise‘s robotaxi development but instead combine the majority-owned unit into its technical teams. The robotaxi development work ...
The NHTSA was aware of five incidents involving Cruise vehicles and pedestrians. In October, the agency imposed a $1.5 million fine on the robotaxi-developing company. Cruise has since ceased ...
Cruise announced massive layoffs as it shifts away from robotaxis, leaving Tesla and Waymo as the sole contenders in the ...