General Motor Stock Lower After Ditching Robotaxi Unit

General Motors Co (NYSE:GM) stock is down 1.3% to trade at $52.07 at last check, amid news that the company stopped funding the development of its Cruise robotaxi. Though the automaker had already spent $10 billion on the self-driving unit, it is now planning to focus on advanced driver assistance systems and autonomous systems for personal vehicles.GM has been pulling back from a Nov. 25, two-year high of $61.24, but a familiar floor at the $50 level looks ready to contain any additional losses. The securi ...