GM to exit loss-making Cruise robotaxi business

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[ Wed, Dec 11th 2024 ]: AOL

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GM to exit loss-making Cruise robotaxi business

//business-finance.news-articles.net/content/202 .. o-exit-loss-making-cruise-robotaxi-business.html

Published in Business and Finance on Wednesday, December 11th 2024 at 3:00 GMT by Yahoo Finance
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.

General Motors (GM) has decided to discontinue the development of its Cruise Origin, a fully autonomous shuttle designed without traditional driving controls like a steering wheel or pedals. This decision comes as part of a broader strategy to focus on commercializing Cruise's current technology rather than expanding into new vehicle designs. The Cruise Origin, which was a collaboration between GM, Cruise, and Honda, aimed to provide a new form of transportation but has been shelved to prioritize the deployment of Cruise's existing robotaxi service. This shift in focus also includes laying off staff from the project, as GM aims to streamline operations and reduce costs amidst a challenging economic environment and regulatory scrutiny over autonomous vehicle safety.

Read the Full Yahoo Finance Article at:
[ https://ca.finance.yahoo.com/news/general-motors-drop-development-cruise-211931620.html ]

Publication Contributing Sources

Yahoo Finance

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GM to exit loss-making Cruise robotaxi business