Evander Reed|GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-03 16:13:02source:Chainkeencategory:Scams

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Evander Reedstop 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:Scams

Recommend

Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor

NEW YORK — Holiday sights and sounds fill Manhattan this time of year, from ice skating at Rockefell

Cards Against Humanity sues Elon Musk's SpaceX over land bought to curb Trump border wall

Cards Against Humanity, the company behind the popular adult party game, has sued SpaceX CEO Elon Mu

Civil War Museum in Texas closing its doors in October; antique shop to sell artifacts

A Civil War museum in Texas that has faced criticism for skirting around slavery will be closing its