GM Abandons Cruise Robotaxi Program

KEY TAKEAWAYSGeneral Motors said it was abandoning its Cruise driverless ride-hailing service due to its high costs and the scale needed in an increasingly competitive market.The automaker said the Cruise team will be combined with its other technical teams and the company will instead focus on developing advanced driver assistance systems.Scrapping the Cruise robotaxi project will save it more than $1 billion a year, GM said. General Motors (GM) said it was abandoning its Cruise driverless ride-hailing ser ...