Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive technologies.

GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology for personal vehicles.

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

Norwegian Cruise Line had already announced it was planning to compete with Royal Caribbean in the big-ship game, but details on just how big its new Pinnacle class would be were revealed

Italian shipmaker Fincantieri locked up its largest ever order for cruise liners, agreeing to build four new vessels for Norwegian Cruise Line Holdings Ltd. for about €9 billion ($9.4 billion).

Norwegian Line Holdings (NCL) and Italian shipbuilder Fincantieri said on Wednesday they had agreed a deal for four new cruise liners, which a source close to the matter said was worth around 9 billion euros ($9.