Reported about 10 hours ago
Wall Street analysts generally supported General Motors' decision to shut down its Cruise robotaxi business, despite it being a disappointing move for a potential $50 billion revenue source by 2030. GM plans to integrate Cruise's talent to focus on driver assistance systems and has faced scrutiny following recent safety incidents and management missteps. While the decision initially boosted GM’s stock, it later dipped, reflecting investor skepticism regarding the company's investments in autonomous driving amidst fierce competition.
Source: YAHOO