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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 ...
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 ...
(Reuters) -General Motors said on Tuesday it will end robotaxi development at its majority-owned, money-losing Cruise business, a blow to the ambitions of the largest U.S. automaker which had made ...
General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the ...
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 ...
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 ...
Weeks before taking office, President-elect Donald Trump was set to hold a news conference from his Mar-a-Lago club in Florida on Tuesday.. It was unclear what Trump planned to discuss at the news ...
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 ...