Polarmoon Wealth Society:GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-06 20:10:05source:Benjamin Ashfordcategory:News

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and Polarmoon Wealth Societystop funding its money-losing Cruise autonomous vehicle unit.

Instead, the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like its Super Cruise, which allows drivers to take their hands off the steering wheel.

GM said it would get out of robotaxis "given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."

The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers.

Sponsor Message

More:News

Recommend

California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel

LOS ANGELES (AP) — The California Department of Motor Vehicles has apologized for an “unacceptable a

Verizon says issue has been resolved after thousands reported outage Monday morning

Thousands of Verizon Wireless customers reported outages Monday morning, according to DownDetector,

Opinion: Harris' 'Call Her Daddy' podcast interview was a smart way to excite her base

On Sunday, Vice President Kamala Harris made a consequential media appearance of this election cycle