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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 ...
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 ...
Over the years since 2016, when GM acquired the robotaxi startup, the automaker has plowed more than $10 billion into Cruise. General Motors had grounded its fleet at the end of last year after an ...
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
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.
General Motors is pulling the plug on its efforts to develop a fleet of driverless taxis and will focus on driver-assistance features that require a driver to be ready to take control of the car ...
GM has invested in Cruise since 2016 and echoes Cruise's belief about safety. GM bought into the company with the goal of operating driverless taxi fleets across several major U.S. cities.
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 ...