Cruise announced massive layoffs as it shifts away from robotaxis, leaving Tesla and Waymo as the sole contenders in the ...

Cruise, the autonomous vehicle company, says it is not relaunching its robotaxi service. This news comes after GM announced ...

This move comes after GM revealed in December that it would cease funding the Cruise robotaxi business. GM’s decision to cease development of robotaxis was part of a broader internal cost ...

General Motors (GM) is laying off around half of the workforce from its discontinued Cruise robotaxi business, following its decision to shut down the segment in December. The layoffs comes nearly ...

By closing the Robotaxi subsidiary, GM aims to reduce its costs by one billion US dollars per year. GM has invested tens of billions in Cruise since 2016, with 1.7 billion US dollars in 2024 alone.

GM said in December it would halt funding of the Cruise robotaxi business. This followed a year of trying to overcome challenges that arose after one of its robotaxis struck and seriously injured ...

General Motors' robotaxi company Cruise has begun laying off half of its workforce, The Verge reports — a nail in the coffin for the company, two months after General Motors pulled its funding.

Credit: Jonathan Weiss/Shutterstock. General Motors (GM) has completed its acquisition of Cruise, the autonomous vehicle business, as part of a strategic pivot to developing autonomous technology ...

Why It Matters: In December, GM said it would no longer fund Cruise‘s robotaxi development but instead combine the unit into its technical teams. The robotaxi development work needs considerable ...

With Cruise goes the company’s aspiration of using robotaxi fares to help double revenue by 2030. Instead, GM will focus its cash and resources on share buybacks and its electric vehicle ...