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,
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
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General Motors takes full control of Cruise robotaxi ventureGeneral Motors (GM) has completed its acquisition of Cruise, the autonomous vehicle business, as part of a strategic pivot to ...
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...
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 ...
General Motors is charting a technological future focused on its Super Cruise driver assistance technology, similar to ...
General Motors is slashing Cruise's workforce by half after buying out all other remaining shareholders of the autonomous ...
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