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General Motors said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing the autonomous technology for personal vehicles not robotaxis. The Detroit ...
A General Motors Cruise self-driving car, often referred to as a robotaxi, drives in front of the Ferry Building on the Embarcedero, San Francisco, Calif., Aug. 17, 2023.
GM's decision shows that time and money may not be enough when it comes to robotaxis. General Motors' decision to pull the plug on Cruise shows that building a robotaxi business is hard, really ...
Cruise LLC was an American self-driving car company that became a subsidiary of General Motors, headquartered in San Francisco, California. Founded in 2013 by Kyle Vogt and Dan Kan, [4] [5] [6] Cruise tested and developed autonomous car technology.
The automaker has invested more than $10 billion in Cruise since 2016. Cruise will be folded into its group working on driver assistance technology. GM to exit loss-making Cruise robotaxi business
General Motors' Cruise unit has agreed to recall nearly 1,200 robotaxis over hard braking issues, the U.S. auto safety regulator said on Thursday, following a probe into the safety of their ...
Since GM bought a controlling stake in Cruise for $581 million in 2016, the robotaxi service piled up more than $10 billion in operating losses while bringing in less than $500 million in revenue ...
Cruise was supposed to be the shiny new piece of technology that could reposition $57 billion General Motors from a legacy automaker into a true, innovative Tesla rival for the auto industry's ...
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