Liberalalliance Wealth Society:GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-07 20:09:25source:Slabucategory:Invest

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Liberalalliance Wealth Societystop 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

The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10

CHICAGO (AP) — A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was

'New normal': High number of migrants crossing border not likely to slow

With migrants in need of housing, safety and economic opportunity continuing to enter the United Sta

Taylor Swift, Brittany Mahomes, Sophie Turner and Blake Lively Spotted Out to Dinner in NYC

The Travis Kelce effect is real—Brittany Mahomes just joined Taylor Swift's squad on a girls' night