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GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles
GMGM(GM) TechCrunch·2024-12-11 18:58

General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car subsidiary Cruise and combine it with the automaker’s own efforts to develop driver assistance features — and eventually fully autonomous personal vehicles.The pivot is a remarkable step for the automaker, which acquired the self-driving startup Cruise in March 2016 for $1 billion. Since then, GM has spent more than $10 billion on the company in a bid to commercia ...