"Consistent with GM's capital allocation priorities, GM will no longer fund Cruise's robotaxi development work given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."
"GM is committed to delivering the best driving experiences to our customers in a disciplined and capital efficient manner," GM CEO Mary Barra said. "Cruise has been an early innovator in autonomy, and the deeper integration of our teams, paired with GM's strong brands, scale, and manufacturing strength, will help advance our vision for the future of transportation."
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