Why GM pulled the plug on Cruise after spending $10 billion on robotaxis
General Motors is giving up on robotaxis eight years after taking control of Cruise in an increasingly competitive market for driverless cars.
Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program
The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s
GM halts funding for Cruise robotaxi program
DETROIT — General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to take a firmer hold of the potentially multibillion-dollar business. But experts say bowing out is the right choice for the embattled Cruise.
Wall Street mostly upbeat on GM's decision to pull the plug on Cruise
General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.
With General Motors pulling the plug on Cruise, every American automaker except Tesla has called it quits on robotaxis
Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk back those plans later.
GM is killing Cruise robotaxis
General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise announcement this week, the US carmaker said it will “realign its autonomous driving strategy” to end robotaxis and instead focus on eventually creating an autonomous personal vehicle.
RIP, Cruise robotaxi
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! GM’s decision to no longer fund its self-driving car subsidiary Cruise was a surprise to many — and got me thinking about this startup that I’ve come
Microsoft Is Losing This Much on GM’s Robotaxi Unit Cruise
Microsoft said on Wednesday it would take an $800 million charge to write down its investment in Cruise—GM’s troubled robotaxi unit. Cruise lost its license to drive in California in October 2023 after a Cruise robotaxi dragged a pedestrian.
Chevrolet Bolt EV And EUV: The Used Buyer's Guide
Nearly every used Chevrolet Bolt EV should meet the $25,000 threshold to be eligible for the used EV tax credit.
GM, Michigan billionaires hold state hostage for more handouts, even while slashing jobs
The Democratic Whitmer administration has handed out over $2 billion in incentives to automakers and other business since ...
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Supply Chain Issues, High Costs Force N.M. Police Away from Hybrids
The Santa Fe Police Department will resume its transition to hybrid vehicles once manufacturers can deliver them on time and ...
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Used Electric Vehicles You Can Get Crazy Cheap At One Year Old
Some EVs take crazy depreciation hits, and here are the ones that you can buy used without breaking the bank after just one ...
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GM Puts the Brakes on Cruise, Turns to Autonomous Tech
After a year of trying to refocus and relaunch the robotaxi program following an October 2023 pedestrian crash, the automaker ...
High costs, low supply for now force Santa Fe police to switch away from buying new hybrid vehicles
An initiative to get Santa Fe police officers into hybrid vehicles is on hold this year due to supply chain issues that have ...
6 Affordable Electric Cars That Are Perfect for First-Time EV Buyers
For first-time EV buyers, there are so many options and it can be overwhelming. Luckily, this guide will list six of the most ...
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The EV That Depreciates The Most After 3 Years Of Ownership
Some EVs just don't hold their value - here's the one that loses resale value the fastest in a three-year stretch.
GM's Cruise U-turn is a sign of just how hard the robotaxi game really is
After GM pulled the plug on its robotaxi dreams, one expert says driverless cabs remain "really more hype than reality." ...