In GM’s announcement of the Cruise shutdown, CEO Mary Barra noted that the robotaxi market is becoming “increasingly ...

Jared Friedman, Y Combinator group partner and early angel investor in Cruise, told BI he spent 4% of his waking hours this ...

Waymo may have outlasted Cruise to lead the U.S. market, but domestic competitors are working to catch up, too — most notably ...

Barra declined to say how many Cruise employees could be moved over to GM. Costly business Rivals still in the emerging robotaxi industry include deep-pocketed developers such as Alphabet’s ...

In 1993, GM had controlling interest in Isuzu and signed a deal to supply its Rodeo to become Honda’s first SUV, rebadged the ...

General Motors said it was abandoning its Cruise driverless ride-hailing service due to its high costs and the scale needed ...

General Motors said it would no longer fund its Cruise robotaxi service as it seeks to focus its spending on autonomous vehicle development specifically for personally owned vehicles. Now Cruise ...

General Motors’ decision on Tuesday to focus on driver-assist systems highlights the challenges with the robotaxi business model. GM announced its decision to stop funding Cruise. GM plans to ...

GM's stock price jumped after the Cruise news, trading roughly 2% higher after-hours. With the robotaxi operation in the rearview mirror, GM said it's proritizing the development of its Super ...

along with an increasingly competitive robotaxi market.” The automaker has invested more than $10 billion in Cruise. GM shares rose 3.2% in extended trading on Tuesday. In 2023, GM CEO Mary ...

As a result, GM said it will no longer fund Cruise’s robotaxi development, given the considerable time and resources needed to scale the business, along with an increasingly competitive robotaxi ...