From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter

The driverless ride-hailing service was supposed to be the shining star of GM's growth plans, leading to $50 billion in revenue by the end of this decade.

Topics

Labour’s push for growth hit by latest fall in UK output

Weaker business and consumer confidence contribute to lacklustre economy
Financial Times - 2d
GM to Shut Down Its Cruise Robotaxi Project

The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.
The New York Times - 3d
GM Ends Cruise Robotaxi Efforts and Steers Its Self-Driving Tech to Passenger Cars

The Detroit auto giant says it’s halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles’ autonomous driving features.
Inc. - 4d
GM gives up on loss-making Cruise robotaxi business

STORY: General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said ...
Yahoo Sports - 4d
GM exits robotaxi market, will bring Cruise operations in house

General Motors will no longer fund its Cruise division's robotaxi development, effectively pulling out of the market.
CNBC - 4d
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit
ABC News - 4d
How GM’s self-driving strategy is evolving as it gives up on Cruise business

General Motors has bailed on its Cruise robotaxis, citing the amount of time and money needed to scale the business and an “increasingly competitive” market for autonomous vehicles.
MarketWatch - 4d
The Power of Experience for Business Growth

Bring together customer, employee and user experience for long-term business growth.
Inc. - 5d
Toronto-Dominion Bank Suspends Growth Targets as It Reviews Business

Toronto-Dominion Bank said it suspended financial-growth targets as it reviews its business options, weeks after settling U.S. charges it failed to properly monitor money laundering.
The Wall Street Journal - Dec. 5

From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter

Topics

Related

Labour’s push for growth hit by latest fall in UK output

GM to Shut Down Its Cruise Robotaxi Project

GM Ends Cruise Robotaxi Efforts and Steers Its Self-Driving Tech to Passenger Cars

GM gives up on loss-making Cruise robotaxi business

GM exits robotaxi market, will bring Cruise operations in house

GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

How GM’s self-driving strategy is evolving as it gives up on Cruise business

The Power of Experience for Business Growth

Toronto-Dominion Bank Suspends Growth Targets as It Reviews Business

More from CNBC

Majority of Americans are ready to support Trump and large parts of his agenda, says CNBC survey

Amazon and the endangered future of the middle manager

Senate plans to vote on bill that would increase Social Security benefits for some pensioners

Why the U.S. government is saying all citizens should use end-to-end encrypted messaging

Top Wall Street analysts believe in the long-term prospects of these stocks