Cash cow to money pit: Why GM decided to let Cruise go
GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
Detroit Free Press17d
Cash cow to money pit: Why GM decided to let Cruise go
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 ...
GM Authority1d
Stellantis Introduces AutoDrive Level 3 Automated Driving Tech
Stellantis has debuted its new AutoDrive 1.0 driving system, which is a big step forward in autonomous driving for production ...
GM takes full control of Cruise in autonomous personal vehicle shift
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
GM cuts 1,000 jobs from Cruise, its abandoned self-driving taxi division
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
General Motors' Pivot May Be Paying Off -- and It Could Generate Billions in Revenue
Late in 2024 when General Motors ( GM 0.45%) announced it would no longer fund robotaxi development with its majority-owned Cruise business, some investors considered it a blow to its long-term ...
PCMag on MSN20d
Cruise Robotaxis Are Dead, But Their Tech Will Live On in GM Cars You Can Buy
General Motors (GM) has completed its acquisition of Cruise and will use its technology to boost GM's Super Cruise autonomous driving technology. At the time, GM owned about 90% of Cruise, but it is ...