Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of Cruise’s shares in 2016 close to $10 billion. In September, Elshenawy, president and chief technologist of Cruise, threw a huge party for Cruise staffers that some read to be a sign that the company was moving forward.
GM Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s Super Cruise system, which it has installed in many of its newer models. GM’s shift to Super Cruise is two-fold: First and foremost,
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
GM is closing its subsidiary Cruise, which has been developing self-driving cars. GM is only taking on around half of the ...
Abrar Al-Heeti is a technology reporter for CNET, with an interest in phones, streaming, autonomous cars, internet trends, ...
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...
A more favorable federal regulatory and legislative environment may help propel the growth of driverless ride-hailing ...
General Motors is charting a technological future focused on its Super Cruise driver assistance technology, similar to ...
GM says that more and more owners end up subscribing to its hands-free automated driving assistance system. And it has big ...
Two former Cruise engineers have launched a new startup in San Mateo called Hestus to bring AI to manufacturing design ...
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