Seeing no road to profit, GM shutters Cruise

Quick Summary:

GM decides to cut its losses, will focus on partial automation for passenger cars.

"Cruise has been an early innovator in autonomy, and the deeper integration of our teams, paired with GM’s strong brands, scale, and manufacturing strength, will help advance our vision for the future of transportation".

This year, GM will have spent around $2 billion on Cruise.

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Article Details

Author / Journalist: Jonathan M. Gitlin

Category: Technology

Markets: United States

Topics: Cars Robotaxis Autonomous vehicles Cruise

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 14:48:41 (1 days ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 146 words

Reading Time: 1 minutes read

Sentences: 35 lines

Sentence Length: 5 words per sentence (average)

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

Copyright Owner: © Ars Technica

News ID: 24357689

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About Ars Technica

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Official Website: arstechnica.com

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News Last Updated: 13 hours ago

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Publisher ID: #32

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