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GM dumps Cruise robotaxi plans

GM Ends Cruise Robotaxi Efforts and Steers Its Self-Driving Tech to Passenger Cars

The Detroit auto giant says it’s halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles’ autonomous driving features.

Detroit Free Press on MSN · 6h

GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars

GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis for Cruise.

TechCrunch · 1d

Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program

The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s

Microsoft will take $800 million charge on Cruise investment

Investopedia on MSN · 7h

Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis

Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in robotaxi startup Cruise after General Motors announced this week that it would halt the development of Cruise's autonomous vehicles.

Geekwire on MSN · 21h

Microsoft will take $800 million charge on Cruise investment as GM exits robotaxi business

Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced it would no longer fund the initiative as part of a shift in its autonomous driving strategy.

MarketWatch on MSN · 22h

Here’s how much of a hit Microsoft is taking on its investment in GM’s Cruise

Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.

GM Pulls Plug On Its Multibillion-Dollar Robotaxi Bet

Business Insider · 1d

Why GM pulled the plug on Cruise after spending $10 billion on robotaxis

General Motors is giving up on robotaxis eight years after taking control of Cruise in an increasingly competitive market for driverless cars.

BBC · 1d

General Motors pulls plug on robotaxi business

GM also pointed to the increasingly competitive robotaxi market as a reason for the move. In October, Tesla boss Elon Musk unveiled the electric car giant's long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank,

Forbes · 1d

GM Pulls The Plug On Its Multibillion-Dollar Robotaxi Bet

The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving for personal vehicles.

GM Ditches Cruise — Are Robotaxis Dead?

Forget fully autonomous robotaxis: the route to market for driverless technologies now looks like it could be incremental ...

GM is killing Cruise robotaxis

General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise ...

1don MSN

GM scraps Cruise's robotaxi service

GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased ...

GM Halts Cruise’s Robotaxi Development

In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To ...

5hon MSN

Uber Stock Is Rebounding Day After GM Scrapped Cruise Robotaxi Program

Uber Technologies’ stock rebounded in premarket trading Thursday. On Wednesday, General Motors announced the closure of its ...

23hon MSN

What went wrong with GM's Cruise

General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.

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GM dumps Cruise robotaxi plans

Microsoft will take $800 million charge on Cruise investment

GM Pulls Plug On Its Multibillion-Dollar Robotaxi Bet

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