Reported 16 days ago
General Motors has announced it will cease the development of its money-losing Cruise robotaxi business, shifting its focus back to more profitable ventures like gasoline-powered vehicles. Despite previously investing over $10 billion in Cruise, GM CEO Mary Barra cited the significant costs and challenges of running a robotaxi fleet as reasons for the decision. This move reflects a broader trend in the industry, as several competitors also scale down their autonomous driving programs.
Source: YAHOO