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

Microsoft Corp (NASDAQ: MSFT) has said that it will be recording an impairment charge of approximately $800 million in the ...

The family of a driver who lost their life in a 2023 incident is suing Tesla, alleging that the company’s “fraudulent ...

Deutsche Bank stated in a letter following a meeting with the company’s head of investor relations that Tesla intends to ...

Waymo has made a lot of progress with self-driving cabs. It completes more than 150,000 driverless rides a week. Tesla hosted ...

Exxon Mobil Targets 10% Annual Earnings Growth Through 2030 The biggest U.S. oil company laid out a six-year strategic plan in which it it plans to grow earnings at a compound annual growth rate of 10 ...

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

In a post on the social media platform X (formerly known as Twitter) Cruise founder and former CEO Kyle Vogt lambasted ...

General Motors' move suggests that billions in funding weren't enough in a still-developing part of the industry that has met with several setbacks and scepticism from wary drivers.

While the world's richest man is going all in with a robotaxi, General Motors has decided to pull the plug on its embryonic ...

General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others ...

I think this is more a recognition that autonomous vehicle technology is going to take a decade or more to provide driverless ...