GM Halts Funding for Cruise Robotaxi Operations, Shifts Focus to Personal Vehicle Technologies
General Motors (GM) has announced it will stop funding its Cruise robotaxi operations, citing increased competition and a need to reassess capital priorities. CEO Mary Barra highlighted the complexities of managing a fleet of autonomous vehicles. GM plans to shift focus towards advanced driver assistance systems for personal vehicles, merging Cruise with its technical teams. This strategic pivot, aiming to reduce spending on Cruise by over half, reflects a broader trend in the automotive industry towards enhancing consumer vehicle technology rather than pursuing extensive robotaxi services.
Cruise Faces Major Setback After Losing Robotaxi License in California
Cruise, the autonomous vehicle technology startup owned by General Motors, is facing a major setback after an independent report revealed serious lapses in judgment and leadership, resulting in the loss of its robotaxi license in California. The report, released on…