Christopher Caldwell:GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-03 20:06:08source:Jonathan Dale Bentoncategory:News

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Christopher Caldwellstop funding its money-losing Cruise autonomous vehicle unit.

Instead, the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like its Super Cruise, which allows drivers to take their hands off the steering wheel.

GM said it would get out of robotaxis "given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."

The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers.

Sponsor Message

More:News

Recommend

The company planning a successor to Concorde makes its first supersonic test

A private company aiming to build the first supersonic airliner since the Concorde retired more than

Q&A: The Activist Investor Who Shook Up the Board at ExxonMobil, on How—or if—it Changed the Company

A year ago this month, a small hedge fund won an unlikely victory against ExxonMobil, gaining suppor

Elon Musk says 'I've hired a new CEO' for Twitter

Elon Musk said he has chosen someone to succeed him as chief executive of Twitter, but he did not na