General Motors Scraps Cruise Robotaxi Program

Carmaker cites competition, time and costs needed to scale the business.

Topics

Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi Program

Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motor’s now-scrapped robotaxi program Cruise.
The Wall Street Journal - 41m
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 - 5h
General Motors Cuts Funding to Cruise, Nixing Its Robotaxi Plan

The automaker has sunk billions into making a self-driving car service work. Now it says it will focus on “personal” autonomous vehicles instead.
Wired - 23h
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 - 15h
General Motors pulls plug on robotaxi business

After the announcement, the project's co-founder posted on social media "GM are a bunch of dummies."
BBC News - 19h
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 - 23h
General Motors Takes $5 Billion Hit From Ailing China Business

The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
The Wall Street Journal - 6d