Current:Home > StocksSignalHub-GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -FundPrime
SignalHub-GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
SafeX Pro Exchange View
Date:2025-04-08 14:56:38
DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and SignalHubstop funding its money-losing Cruise autonomous vehicle unit.
Instead, the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like its Super Cruise, which allows drivers to take their hands off the steering wheel.
GM said it would get out of robotaxis "given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."
The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers.
veryGood! (18921)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Wisconsin Senate to vote on GOP-backed elections amendments to the state constitution
- Second suspect charged in Connecticut shootout that killed 2, including teenager, and wounded 2
- Prominent 22-year-old Palestinian protester Ahed Tamimi arrested by Israel on suspicion of inciting violence
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- As price of olive oil soars, chainsaw-wielding thieves target Mediterranean’s century-old trees
- MLB free agent rankings: No surprise at the top, but plenty of big names are up for grabs
- Nike sues New Balance and Skechers over patent infringement
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Brittney Griner proud to represent USA — all of it. If only critics could say the same
Ranking
- Meta releases AI model to enhance Metaverse experience
- Clerk denies tampering or influencing jury that found Alex Murdaugh guilty of murder
- International Monetary Fund warns Europe against prematurely declaring victory over inflation
- The Best Host and Hostess Gifts of 2023 That'll Leave a Lasting Impression
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Japan’s Nintendo is developing a live-action film based on its hit video game ‘The Legend of Zelda’
- Vegan Beauty Line M.S Skincare: 7 Essentials Your Routine Needs
- Researchers discover oldest known black hole that existed not long after the Big Bang
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
North Carolina State Auditor Beth Wood faces misdemeanor charge over misuse of state vehicle
Peace Corps agrees to pay $750,000 to family of dead volunteer
California unveils Native American monument at Capitol, replacing missionary statue toppled in 2020
B.A. Parker is learning the banjo
'Awe-inspiring:' See 5 stunning photos of the cosmos captured by Europe's Euclid telescope
Jim Harbaugh explains how Ric Flair became a 'very close friend' after visit at Michigan
A prosecutor says a foreign link is possible to the dozens of Stars of David stenciled around Paris