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GM, Robotaxi and Cruise

Hosted on MSN · 1h

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.

USA TODAY on MSN · 1d

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.

U.S. News & World Report · 1d

GM to Retreat From Robotaxis and Stop Funding Its Cruise Autonomous Vehicle Unit

General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit

GM, Robotaxi and Microsoft

General Motors Says It’s Pulling Cruise Out of the Robotaxi Business

Automotive giant General Motors announced Tuesday that it would be pulling funding from its robotaxi firm Cruise, though it gestured at future plans to continue developing self-driving cars.

Geekwire on MSN · 19h

Microsoft will take $800 million charge on Cruise investment as GM exits robotaxi business

Microsoft will take an $800 million charge on its investment in the Cruise robotaxi business after General Motors announced it would no longer fund the initiative as part of a shift in its autonomous driving strategy.

MarketWatch on MSN · 19h

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.

7h

Big moves show that GM is restructuring on the fly as uncertainty looms in 2025

Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost controls going into 2025.

15h

Wall Street mostly upbeat on GM's decision to pull the plug on Cruise

General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the ...

21h

General Motors ‘Will No Longer Fund’ Autonomous Vehicle Company Cruise

It was reported Cruise admitted to lying to federal investigators about the event. The news came after the National Highway ...

9h

With General Motors pulling the plug on Cruise, every American automaker except Tesla has called it quits on robotaxis

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

1don MSN

Why Is General Motors (GM) the Best Self-Driving Technology Stock to Buy According to Hedge Funds?

We recently published a list of 10 Best Self-Driving Technology Stocks To Buy According to Hedge Funds. In this article, we ...

GM Nixes Robotaxi Division

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

7h

GM Chief Mary Barra Proclaims Optimism Despite EV, China Challenges

General Motors CEO Mary Barra says she's still bullish on her company's prospects amid challenges with EVs and issues with ...

Microsoft expects share price drop and a $800 million fine after GM exits robotaxi business

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

1d

General Motors works with materials startup to revolutionize electric car batteries — and it could change everything about your next vehicle

General Motors has teamed up with a materials science startup with the goal of enhancing performance and increasing the ...

18h

GM CEO Barra says Trump administration and automaker share many goals

Barra said she looks forward to working with the Trump administration and expects he will listen to GM's input on regulations.

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