Wed, December 11, 2024
[ Wed, Dec 11th 2024 ]: AOL
GM's Cruise robotaxi exit a result 'serious probl .. s' from scaling too fast and continued high costs
[ Wed, Dec 11th 2024 ]: Reuters
Kroger, Albertsons could turn to ad business as deal termination looms, analysts say
[ Wed, Dec 11th 2024 ]: Business Standard
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[ Wed, Dec 11th 2024 ]: Coingape
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[ Wed, Dec 11th 2024 ]: The Motley Fool
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[ Wed, Dec 11th 2024 ]: Fleet News
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[ Wed, Dec 11th 2024 ]: The Nassau Guardian
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[ Wed, Dec 11th 2024 ]: Fortune
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[ Wed, Dec 11th 2024 ]: Independent.ie
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[ Wed, Dec 11th 2024 ]: Vanguard
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[ Wed, Dec 11th 2024 ]: London Evening Standard
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[ Wed, Dec 11th 2024 ]: Yahoo Finance
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[ Wed, Dec 11th 2024 ]: Business Today
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[ Wed, Dec 11th 2024 ]: THE WEEK
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[ Tue, Dec 10th 2024 ]: World Socialist Web Site
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[ Tue, Dec 10th 2024 ]: Business Standard
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[ Tue, Dec 10th 2024 ]: The Globe and Mail
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General Motors to stop funding its Cruise robotaxi business

General Motors will stop funding its Cruise robotaxi business and focus on developing self-driving technology for personal vehicles, the automaker said in a statement on Tuesday.
General Motors (GM) has decided to halt its funding for Cruise, its autonomous vehicle subsidiary, following a series of operational setbacks and safety concerns. This decision comes after Cruise had to pause all its driverless operations due to an incident involving one of its robotaxis in San Francisco, which led to the revocation of its license by the California Department of Motor Vehicles. The incident involved a Cruise vehicle that was not able to adequately respond to an emergency situation, raising significant safety and regulatory issues. As a result, GM, which had previously invested heavily in Cruise, is now reevaluating its financial support, focusing instead on ensuring that Cruise can meet safety standards and regain public trust before resuming operations. This move reflects broader challenges in the autonomous vehicle industry regarding technology reliability, regulatory compliance, and public acceptance.

Read the Full AOL Article at:
[ https://www.aol.com/finance/general-motors-stop-funding-cruise-214509589.html ]