Charles Langston:GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-08 04:17:04source:EchoSense Quantitative Think Tank Centercategory:Invest

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Charles Langstonstop funding its money-losing Cruise autonomous vehicle unit.

Instead, the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like its Super Cruise, which allows drivers to take their hands off the steering wheel.

GM said it would get out of robotaxis "given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."

The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers.

Sponsor Message

More:Invest

Recommend

Sebastian Stan Debuts Shaved Head in Shocking Hair Transformation

Marvel at Sebastian Stan's new look.TheCaptain America star unveiled a major hair transformation on

UAW’s confrontational leader makes gains in strike talks, but some wonder: Has he reached too far?

WAYNE, Mich. (AP) — Throughout its 5-week-old strikes against Detroit’s automakers, the United Auto

Chevron buys Hess for $53 billion, 2nd buyout among major producers this month as oil prices surge

NEW YORK (AP) — Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisiti