GM Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s Super Cruise system, which it has installed in many of its newer models. GM’s shift to Super Cruise is two-fold: First and foremost,
GM gives up on loss-making Cruise robotaxi business
General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said too much time and resources would be required to make Cruise a success.
GM cuts 50% of Cruise staff after ending robotaxi business
General Motors is laying off roughly half its employees who remain at its discontinued Cruise robotaxi business. The plans come two months after GM said it would no longer fund Cruise after spending more than $10 billion on the robotaxi unit since acquiring it in 2016.
GM’s Cruise to Cut 1,000 Jobs as Robotaxi Service Shuts Down
General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business.
Cruise lays off half its staff after GM sunsets robotaxi program
Autonomous vehicle company Cruise is laying off around half of its workforce, according to reporting by TechCrunch. The cuts even extend to the CEO and other top executives. This is part of a major restructuring effort by parent company GM that will eventually see a total shutdown of operations.
Cruise lays off half its staff as GM absorbs failed robotaxi effort
General Motors' Cruise robotaxi unit laid off approximately half its workforce Tuesday, as the automaker completed a previously announced plan to buy out remaining investors and refocus on self-driving cars for individual owners.
Cruise announces layoffs as GM acquires defunct robotaxi company
Defunct robotaxi company Cruise has begun to lay off employees today, sources tell The Verge. The layoffs come two months after General Motors said it would no longer fund Cruise, and would instead shift its spending toward advanced driver assist and personally owned autonomous vehicles.
Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
How Tesla Robotaxi Will Work, According To Elon Musk: ‘Kind Of Like Airbnb’
Elon Musk had a lot to say about Tesla’s upcoming Robotaxi service on Wednesday. Robotaxi will be coming to Austin and other ...
Musk says Tesla unsupervised robotaxi is coming this June
Tesla CEO Elon Musk announced that a fully autonomous taxi service will debut in Austin, Texas, this June, ensuring people ...
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Investors Say “Never Bet Against Musk” as Tesla Announces The Rise of Robotaxi
Tesla shares its earnings, revealing a 2.2% drop in deliveries. Find out what this means for revenues and future growth in ...
Tesla Will Need To Prove The Viability Of Its Robotaxi Program In June
Tesla, Inc. has multiple catalysts coming up that can drive the share price. Read more to see my recommendation for TSLA ...
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GM’s Cruise to Slash 1,000 Jobs as Robotaxi Service Shutters
General Motors is cutting almost half of the workforce in its Cruise driverless car unit, according to an internal memo and ...
After robotaxi failure, GM software bet turns to driver assistance
General Motors is charting a technological future focused on its Super Cruise driver assistance technology, similar to ...
Uber's Q4 Earnings Are On Deck. Can The Stock Get Back In The Fast Lane Amid The Robotaxi Debate?
Uber stock is off to a strong start in 2025 after a down year. The ride-hail firm reports Q4 results early Wednesday.