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GM dumps Cruise robotaxi plans

Hosted on MSN · 2h

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.

Detroit Free Press on MSN · 5h

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.

TechCrunch · 23h

Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program

The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s

Microsoft will take $800 million charge on Cruise investment

Investopedia on MSN · 6h

Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis

Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in robotaxi startup Cruise after General Motors announced this week that it would halt the development of Cruise's autonomous vehicles.

Geekwire on MSN · 20h

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 · 20h

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.

1h

GM Ditches Cruise — Are Robotaxis Dead?

Forget fully autonomous robotaxis: the route to market for driverless technologies now looks like it could be incremental ...

1d

GM is killing Cruise robotaxis

General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise ...

GM Authority16h

‘GM Are A Bunch Of Dummies,’ Says Cruise Co-Founder Kyle Vogt

Cruise co-founder and former CEO Kyle Vogt had some choice words for GM on X after the company announced it was pulling out ...

1d

GM Halts Cruise’s Robotaxi Development

In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To ...

1d

GM scraps Cruise's robotaxi service

GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased ...

Government Technology20h

GM Puts the Brakes on Cruise, Turns to Autonomous Tech

After a year of trying to refocus and relaunch the robotaxi program following an October 2023 pedestrian crash, the automaker ...

4hon MSN

Uber Stock Is Rebounding Day After GM Scrapped Cruise Robotaxi Program

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

7hon MSN

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 ...

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