gm cruise robotaxi news

Robotaxi, GM

GM Ends Cruise Robotaxi Efforts and Steers Its Self-Driving Tech to Passenger Cars

The Detroit auto giant says it’s halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles’ autonomous driving features.

Detroit Free Press on MSN · 7h

GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars

GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis for Cruise.

GM Authority · 1d

GM Drops Cruise Robotaxi Efforts, Refocusing On Personal Vehicles

General Motors has announced that it will no longer pursue its Cruise robotaxi efforts, opting to refocus its autonomous vehicle tech on personal vehicles.

Microsoft will take $800 million charge on Cruise investment

TechCrunch · 20h

Microsoft will take an $800M hit over Cruise robotaxi shutdown

GM's decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company's minority

GM Authority · 4h

Microsoft Expects $800 Million Impairment Charge From GM Cruise Robotaxi Operations Shutdown

Microsoft expects an $800 million impairment charge as the result of GM's decision to end Cruise robotaxi operations, redirecting Cruise to personal vehicles.

MarketWatch on MSN · 22h

Here’s how much of a hit Microsoft is taking on its investment in GM’s Cruise

Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.

2hon MSN

RIP, Cruise robotaxi

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GM Halts Cruise’s Robotaxi Development

In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To ...

1don MSN

Cruise founder calls GM 'a bunch of dummies' after automaker shuts down robotaxi startup

The Cruise founder Kyle Vogt, who resigned from the company in 2023 after a suspension of its robotaxi business, wasn't happy ...

1don MSN

GM scraps Cruise's robotaxi service

GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased ...

GM is pulling the funding for its Cruise robotaxi company

General Motors is pulling funding from robotaxi company Cruise in order to focus on its own autonomous and assisted driving ...

Cruise’s robotaxi service will likely shut down as GM pulls its funding

The shutdown of Cruise’s robotaxi service comes amid a turbulent time for autonomous vehicles. While Alphabet’s Waymo continues to eye new markets, other ventures have faltered. The most notable was ...

6hon MSN

Uber Stock Is Rebounding Day After GM Scrapped Cruise Robotaxi Program

Uber Technologies’ stock rebounded in premarket trading Thursday. On Wednesday, General Motors announced the closure of its ...

GM Pulls The Plug On Its Multibillion-Dollar Robotaxi Bet

The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving ...

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