Thurston Carte-GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-04 01:20:43source:Slabu Exchangecategory:Markets

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Thurston Cartestop funding its money-losing Cruise autonomous vehicle unit.

Instead, the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like its Super Cruise, which allows drivers to take their hands off the steering wheel.

GM said it would get out of robotaxis "given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."

The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers.

Sponsor Message

More:Markets

Recommend

Stanley recalls 2.6 million mugs after dozens of customer complaints, including burn injuries

Stanley is recalling 2.6 million mugs sold in the U.S. after the company received dozens of consumer

White House says top Russian official pitched North Korea on increasing sale of munitions to Moscow

WASHINGTON (AP) — The White House on Thursday said U.S. intelligence officials have determined that

The case for a soft landing in the economy just got another boost

Odds of a soft landing may have just gotten a little better. The latest employment report from the