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

2025-05-06 22:16:35source:Exclusivesky Investment Guild category:Invest

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Surfwinstop 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

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

Southern governors tell autoworkers that voting for a union will put their jobs in jeopardy

DETROIT (AP) — On the eve of a vote on union representation at Volkswagen’s Tennessee factory, Gov.

Treasurer denies South Carolina Senate accusation he risked cyberattack in missing $1.8B case

COLUMBIA, S.C. (AP) — Days after a contentious public hearing with state senators, Treasurer Curtis