GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
Briefly

from www.npr.org3 months ago
General Motors has announced it will retreat from the robotaxi business, ceasing funds for its Cruise unit, to focus on partially automated driver-assist systems.
www.npr.orghttps://www.npr.org/2024/12/11/g-s1-37700/gm-to-retreat-from-robotaxis-and-stop-funding-its-cruise-autonomous-vehicle-unit
The decision to get out of robotaxis comes after years of substantial financial losses, with GM investing $2.4 billion and accruing over $10 billion in operating losses.
www.npr.orghttps://www.npr.org/2024/12/11/g-s1-37700/gm-to-retreat-from-robotaxis-and-stop-funding-its-cruise-autonomous-vehicle-unit
Since acquiring control of Cruise, GM's initial hopes of a profitable robotaxi fleet have been overshadowed by significant operating losses and regulatory troubles.
www.npr.orghttps://www.npr.org/2024/12/11/g-s1-37700/gm-to-retreat-from-robotaxis-and-stop-funding-its-cruise-autonomous-vehicle-unit
In light of competition and the resources needed to scale the robotaxi business, GM will merge Cruise's team with their own to develop driver-assist technologies.
www.npr.orghttps://www.npr.org/2024/12/11/g-s1-37700/gm-to-retreat-from-robotaxis-and-stop-funding-its-cruise-autonomous-vehicle-unit
Read at www.npr.org
#general-motors #robotaxi #cruise #autonomous-vehicles #driver-assist-technology
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