Robotaxis are finally starting to breakthrough

Uber Stock Regains Some Ground After CFO Commentary On Robotaxis, Demand

Uber stock bounced back from a Wednesday selloff after CFO Prashanth Mahendra-Rajah gave positive commentary. The post Uber Stock Regains Some Ground After CFO Commentary On Robotaxis, Demand appeared first on Investor's Business Daily.

Robotaxis are finally starting to breakthrough

The NewsIt is time to become optimistic about the future of self-driving cars, a technologist argued. Azeem Azhar of the research group Exponential View was a skeptic of the near-term impact of robot cars: He wrote in 2022 that self-driving was on a “disappointing trajectory.” But two years later, the tech appears to be on an upward curve, with the cost of a Waymo in San Francisco now competitive with an Uber. “History is littered with technolog…

GM Kills Off Cruise Robotaxi Efforts

General Motors dropped a bombshell, announcing it “will no longer fund Cruise’s robotaxi development work,” rolling the division into its broader technical teams. Cruise has been testing its robotaxis in a number of cities across the US. Despite the $10 billion GM invested in it, the automaker is pulling support. “GM is committed to delivering the best driving experiences to our customers in a disciplined and capital efficient manner,” said Mary…

GM Pulls The Plug On Cruise Robotaxi Business - CleanTechnica

Cruise, the robotaxi arm of General Motors, will be shut down and its operations folded into self driving technology for cars and trucks. The post GM Pulls The Plug On Cruise Robotaxi Business appeared first on CleanTechnica.

GM shutters Cruise robotaxi business and will restructure its operations toward personal autonomous vehicles

General Motors shared details with investors Tuesday about its decision to merge Cruise with its overall refocused autonomous driving strategy. “This is the latest in a series of decisions that GM has announced which underscore our focus on having the right technology for the future of our company and the industry and reflects our commitment to execute with speed and efficiency,” said Mary Barra, GM’s CEO and board chair. “And I want to be clear…

GM pulls plug on Cruise autonomous vehicle robotaxi project

General Motors (GM) has announced it will discontinue robotaxi development by ending funding for its Cruise business and instead focusing on autonomous vehicle development in its main vehicle manufacturing operations. GM says it will no longer fund work on self-driving robotaxis “given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market.” The company plans to prio…