General Motors is restructuring Cruise, its self-driving-taxi company, in what amounts to an exit from the robotaxi business ...
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The Detroit auto giant says it’s halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its ...
Cruise bolting robotaxis shows all sides are finding technical, financial and regulatory demands more difficult and expensive ...
Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk ...
Microsoft takes a financial hit as GM redirects autonomous vehicle plans from robotaxis to consumer-focused solutions.
General Motors announced Tuesday it will no longer be funding its Cruise robotaxi operations after years of navigating ...
Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost ...
Carmaker cites competition, time and costs needed to scale the business.
Forget fully autonomous robotaxis: the route to market for driverless technologies now looks like it could be incremental ...
Microsoft expects an $800 million impairment charge as the result of GM's decision to end Cruise robotaxi operations, ...
Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in ...