The auto giant plans to integrate Cruise's technology into its existing Super Cruise system, which enables hands-free driving across 750,000 miles of roads in North America. The S ...
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
We calculate that at year-end 2024, GM had automotive net cash excluding legacy obligations of $6.0 billion, or $5.72 per diluted share. Per the 10-K, global pension contributions in 2025 are expected ...
General Motors is slashing Cruise's workforce by half after buying out all other remaining shareholders of the autonomous ...
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
General Motors said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing the ...
Several of Cruise’s leaders, including Chief Executive Officer Marc Whitten, will leave this week in the overhaul.