The company suspended the Cruise self-driving taxi service late last year after a vehicle struck and seriously injured a ...

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

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

General Motors (GM) has announced a major shift in its autonomous vehicle strategy, discontinuing the development of ...

Automotive OEM General Motors is exiting the robotaxi business and combining its wholly owned Cruise Automation division into ...

Microsoft takes a financial hit as GM redirects autonomous vehicle plans from robotaxis to consumer-focused solutions.

Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in ...

General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...

Several Cruise employees say they were “surprised” and “blindsided” by GM‘s decision to end Cruise’s robotaxi program and that they expect job ...

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

Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk ...