The automaker cited the increased competition in the robotaxi market. General Motors announced Tuesday that it would end funding for its Cruise robotaxi service. The automaker said it would shift ...

Scrapping the Cruise robotaxi project will save it more than $1 billion a year, GM said. General Motors (GM) said it was abandoning its Cruise driverless ride-hailing service due to its high costs ...

General Motors has scrapped its Cruise robotaxi program after nearly a decade ... By 2023, Cruise had begun a driverless ride-hailing service for paying customers in San Francisco.

This transcript was prepared by a transcription service ... last week, GM said that after investing $10 billion over the last decade, it's killing its Robotaxi program. Speaker 3: Cruise, the ...

General Motors' decision to pivot away from robotaxis has one big critic: the Cruise founder ... The state of the robotaxi business GM isn't the first legacy car company to scrap autonomous ...

It's a hard lesson, but extremely valuable, and General Motors ( GM -1.88%) is currently in the process of learning it after ...

DETROIT (Reuters) - 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 ...

Microsoft said it expects to take an impairment charge of roughly $800 million after General Motors halted the development of Cruise autonomous ... that the "robotaxi" service had become too ...

Waymo is the only autonomous vehicle developer that currently operates a commercial robotaxi service in several major metro ...

General Motors’ decision to scrap the Cruise autonomous vehicle division spells trouble for ridesharing giants. The AV strategy of ridesharing giants is to partner with major robotaxi operators ...