Current:Home > StocksSignalHub-GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit -Capitatum
SignalHub-GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
PredictIQ Quantitative Think Tank Center View
Date:2025-04-06 00:57:21
DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and SignalHubstop 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.
veryGood! (6211)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Don’t Gut Coal Ash Rules, Communities Beg EPA at Hearing
- Honeybee deaths rose last year. Here's why farmers would go bust without bees
- 7.5 million Baby Shark bath toys recalled after reports of impalement, lacerations
- 'We're reborn!' Gazans express joy at returning home to north
- Keep Up With Khloé Kardashian's Style and Shop 70% Off Good American Deals This Memorial Day Weekend
- Canada’s Struggling to Build Oil Pipelines, and That’s Starting to Hurt the Industry
- Q&A: A Harvard Expert on Environment and Health Discusses Possible Ties Between COVID and Climate
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Ohio River May Lose Its Regional Water Quality Standards, Vote Suggests
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Q&A: A Harvard Expert on Environment and Health Discusses Possible Ties Between COVID and Climate
- Lewis Capaldi's Tourette's interrupted his performance. The crowd helped him finish
- Enbridge Fined for Failing to Fully Inspect Pipelines After Kalamazoo Oil Spill
- $73.5M beach replenishment project starts in January at Jersey Shore
- For the intersex community, 'Every Body' exists on a spectrum
- Enbridge Fined for Failing to Fully Inspect Pipelines After Kalamazoo Oil Spill
- These Are the Toughest Emissions to Cut, and a Big Chunk of the Climate Problem
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Elon Musk Eyes a Clean-Energy Empire
A look at Titanic wreck ocean depth and water pressure — and how they compare to the deep sea as a whole
Controversial Enbridge Line 3 Oil Pipeline Approved in Minnesota Wild Rice Region
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Two years after Surfside condo collapse, oldest victim's grandson writes about an Uncollapsable Soul
A look at Titanic wreck ocean depth and water pressure — and how they compare to the deep sea as a whole
U.S. Energy Outlook: Sunny on the Trade Front, Murkier for the Climate