GM’s Cruise robotaxi venture, once a flagship growth initiative, is facing major setbacks as the automaker scales back operations. The move highlights challenges in turning autonomous tech into profitable services.
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GM is ceasing funding for its Cruise autonomous vehicle unit, effectively abandoning its robotaxi ambitions. The move marks a significant setback in the race for self-driving commercial services.
General Motors is set to exit its loss-making Cruise robotaxi business, Reuters reports. The move marks a shift in GM’s autonomous vehicle strategy amid ongoing financial challenges in the sector.