General Motors Co. has decided to step away from the robotaxi business, refocusing instead on developing self-driving cars for personal use, citing financial scale concerns.
By exiting the robotaxi market, GM is giving a competitive edge to rivals like Waymo and Tesla, who are actively pursuing this technology for their platforms.
The decision to shift focus comes as GM assesses the high costs of the Cruise project, which has already amounted to $10 billion and considers how to invest more efficiently.
Regulatory challenges also plagued GM's plans for Cruise, as they would have needed individual approvals for each city, complicating the rollout of their robotaxi services.
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