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

2025-04-29 16:03:35source:Rubypointcategory:Markets

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Fastexystop 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

Car bomb kills senior Russian general in Moscow: Officials

LONDON -- A car bomb in Moscow has killed a senior Russian military officer, Russian officials said.

Florida's new Black history curriculum says slaves developed skills that could be used for personal benefit

Florida's 2023 Social Studies curriculum will include lessons on how "slaves developed skills" that

The EPA Wants Millions More EVs On The Road. Should You Buy One?

The Environmental Protection Agency unveiled ambitious new emissions rules this week. The agency est