GM pulls plug on Cruise robotaxi after investing more than $10B in self-driving business

Photo caption: General Motors has invested more than $10 billion in Cruise. Photo credit: Reuters (Heather Somerville / File photo). Article by Reuters (David Shepardson and Nora Eckert). New York Post – December 10, 2024. Article originally published by Reuters.

General Motors said Tuesday it will stop funding and exit robotaxi development at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology unit a top priority. GM said it would no longer fund work on the robotaxis “given the considerable time and resources that would be needed to scale the business, […]

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