Most Americans aren’t sold on driverless cars or robotaxis, but they’re coming anyways; Tesla (TSLA), Uber (UBER), and Lyft ...
Tesla, Inc. stock, resisting a temptation to downgrade due to promising autonomy ventures despite high valuation. Read more ...
General Motors (GM) has completed its acquisition of Cruise, the autonomous vehicle business, as part of a strategic pivot to ...
GM is laying off roughly 1,000 employees at its Cruise autonomous vehicle unit, cutting nearly 50% of its workforce.
Cruise, the autonomous vehicle company, says it is not relaunching its robotaxi service. This news comes after GM announced ...
This move comes after GM revealed in December that it would cease funding the Cruise robotaxi business. GM’s decision to cease development of robotaxis was part of a broader internal cost ...
Industry analysts cite various factors for Cruise's failure ... which is why its exit on robotaxi initiatives was something of a head-scratcher on Wall Street. “It was a little bit of a shocker ...
With Cruise goes the company’s aspiration of using robotaxi fares to help double revenue by 2030. Instead, GM will focus its cash and resources on share buybacks and its electric vehicle (EV ...
The toaster-shaped vehicle made safe if conservative decisions and offered a relatively comfortable ride through Las Vegas.
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General Motors’ Cruise will lay off about 1,000 employees, including CEO Marc Whitten, as it shifts focus from robotaxi to personal self-driving vehicle development. The move follows the ...