“I want to be clear that GM made this decision to refocus our strategy because we believe in the importance of driver ...

GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis ...

Automotive OEM General Motors is exiting the robotaxi business and combining its wholly owned Cruise Automation division into ...

Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost controls going into 2025.

GM has halted funding for Cruise's robotaxi program to focus on integrating its technology into GM's own autonomous vehicle ...

Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk ...

Microsoft Corp (NASDAQ: MSFT) has said that it will be recording an impairment charge of approximately $800 million in the ...

The challenges of developing an autonomous fleet have put another corporate victim ... t enough to sustain what is still a ...

We recently published a list of 10 Best Self-Driving Technology Stocks To Buy According to Hedge Funds. In this article, we ...

General Motors has made a pivotal decision to abandon its ambitious robotaxi venture under Cruise, a self-driving subsidiary it acquired in 2016. After spending nearly $10 billion over a decade to ...

After admitting, less than a month ago, that it lied to federal Investigators about one of its robotaxis dragging a woman in ...

I think this is more a recognition that autonomous vehicle technology is going to take a decade or more to provide driverless ...