US EditionGM halts funding of robotaxi development by Cruise
- GM has halted funding of robotaxi development by Cruise, once a leading player in the autonomous vehicle market.
- This decision raises questions about the future of Cruise.
- Concerns about profitability have influenced GM's decision.
- Analysts suggest that the autonomous vehicle sector is facing significant challenges.
229 Articles
229 Articles
The U.S. giant General Motors announced on Tuesday in a statement that he abandoned his robotaxis activity to concentrate on the development of advanced driving aid systems for personal vehicles. His subsidiary Cruise was part of the pioneering services of autonomous driving technology and had a fleet of taxis without driver or robotaxis in several cities of the country, until one of them starred in a serious accident in 2023, in San Francisco. …
GM To Retreat From Robotaxis And Stop Funding Its Cruise Autonomous Vehicle Unit
General Motors said Tuesday it will retreat from the robotaxi business and stop 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…
Honda to cancel tie-up with GM for driverless taxi joint venture
Honda Motor Co said Wednesday it will cancel a tie-up with General Motors Co for a joint self-driving taxi venture, after the U.S. automaker outlined its plan to withdraw from autonomous taxi development. GM said in a release on Tuesday that it would no longer allocate funds for driverless taxi…
General Motors in major U-turn as it ditches robotaxi - and reveals new plans
GENERAL Motors has made a sharp u-turn on its robotaxi strategy after business partner Cruise crashed out of production. GM funneled an eye-watering $10 billion into Cruise before abruptly taking over the brand on Tuesday. GettyGeneral Motors has made a sharp U-turn on its robotaxi plan[/caption] AFPIt was funneling billions into robotaxi company Cruise, but now the automaker is taking complete control[/caption] Now, the multinational US car bra…
After spending more than 10 billion dollars on the robotaxis unit, General Motors decided to give up Cruise, its driverless ride service. The manufacturer will conduct a restructuring,...
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