Reported about 21 hours ago
General Motors (GM) has decided to cease its Cruise robotaxi operations, citing significant challenges stemming from rapid scaling and ongoing high expenses. This move signifies a retreat from GM's autonomous vehicle ambitions that started eight years ago. GM plans to merge Cruise with its in-house autonomous technology division, aiming for more efficient resource allocation amid an increasingly competitive market. The restructuring is expected to cut over $1 billion in annual expenditures, reflecting a strategic shift towards personal autonomous vehicles rather than robotaxis.
Source: YAHOO