General Motors is laying off off roughly half of its employees who remain at its discontinued Cruise robotaxi business.
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
Industry analysts cite various factors for Cruise's failure, including a pedestrian accident, executive departures and regulatory scrutiny. GM's decision reflects a broader trend in the automotive ...
General Motors GM.N said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing the autonomous technology for personal vehicles not robotaxis. The Detroit ...
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Hosted on MSNGM Thinks Super Cruise Subscriptions Could Yield $2 Billion In Annual Revenue By 2030General Motors announced that it would be shutting down its Cruise robotaxi division responsible for autonomous vehicle testing and development. The plan was for GM to finish the last round of layoffs ...
Late in 2024 when General Motors (NYSE: GM) announced it would no longer fund robotaxi development with its majority-owned ...
GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
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