General Motors Scraps Cruise, Alphabet's Waymo A Big Part Of The Reason Why

General Motors (NYSE: GM ) has reportedly spent about $10 billion on San Francisco-based Cruise since buying the start up in 2016, including investments to develop robotaxi operations. With the announcement that GM is dropping out of the global robotaxi business, the automaker said itI am a journalist based in Detroit, having spent almost my entire career writing about business and economic subjects for The Wall Street Journal, New York Times, Detroit Free Press and Bloomberg. I'm the author of two books an ...