GM's Cruise Exit Draws Sharp Reaction From Co-Founder Kyle Vogt: Tesla CEO Elon Musk Says Autonomous Driving Is A 'Very Hard Problem'

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What Happened: The robotaxi development work needs considerable time and resources to scale, GM reasoned, while adding that the robotaxi market is getting increasingly competitive

"GM is committed to delivering the best driving experiences to our customers in a disciplined and capital efficient manner," said Mary Barra, chair and CEO of GM.

General Motors (NYSE:GM) said on Tuesday that it will no longer fund Cruise‘s robotaxi development but will instead combine the majority-owned unit into its technical teams, to the annoyance of Cruise co-founder Kyle Vogt.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: EVs Mobility US37045V1008 GM Tech Cruise Electric vehicles Elon Musk Autonomous vehicles News Benzinga Kyle Vogt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 06:15:13 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24348669

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About Benzinga

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