GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
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We recently compiled a list of the 12 Best Consumer Cyclical Dividend Stocks to Buy Right Now. In this article, we are going ...
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Waymo unveils robotaxi fleet in Austin, TexasKelsey Barberio brings you the biggest news of the day, including Waymo and Uber’s big announcement. Zelenskyy says heated ...
GM's Super Cruise hands-free driving system is the winner of MotorTrend's inaugural Best Tech Award in the Driver Assistance ...
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 ...
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 ...
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 ...
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
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 ...
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 ...
GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources familiar with the matter, part of a previously announced plan ...
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