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For more than a year after robotaxi company Cruise paused its self-driving ride hailing service, General Motors executives repeated the same talking points: Cruise robotaxis will be back on the ...
General Motors is giving up on robotaxis eight years after taking control of Cruise in an increasingly competitive market for driverless cars. Why GM pulled the plug on Cruise after spending $10 ...
GM said the restructuring is projected to lower spending by more than $1 billion annually after the reorg is completed, which is expected in the first half of 2025.
Cruise generated a mere $102 million in sales last year and lost $2.7 billion on an adjusted operating basis, per GM's annual report. In 2023 and 2022, Cruise lost a combined $4.6 billion on an ...
At the time, GM marketed vehicles in the US under the Chevrolet, Pontiac, Oldsmobile, Buick, Cadillac, and GMC brands. Television commercials in the United States used actor Barry Coe as a spokesman. Jerome H. Peleaux was the creator and tester of the program for GM. Former logo of GM Certified Service, then GM Goodwrench
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