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

For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company poised for growth.

NBC News - 9h

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.

CNBC - 13h

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 - 4d

Jets to interview Robinson, Riddick for GM job

The Jets are set to begin interviewing general manager candidates, starting with former Titans GM Jon Robinson and ESPN analyst Louis Riddick, sources told ESPN.

ESPN - 8h

Four-try Sale cruise to victory over Racing

Sale run out comfortable winners over Racing 92 in their Champions Cup match at Salford Community Stadium.

BBC News - 2d

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

Weaker business and consumer confidence contribute to lacklustre economy

Financial Times - 2d

Europe's economy falters as Trump presidency looms

The European economy is going to have a tough few years, if new forecasts are correct.

BBC News - 3d

Haslam backs Stefanski, GM; will look at all else

Although Browns owner Jimmy Haslam expressed support for Kevin Stefanski and Andrew Berry, he told ESPN that the team's struggles at quarterback are something he plans to look after the season.

ESPN - 4d

Here’s how big a hit Microsoft is taking on its investment in GM’s Cruise

Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.

MarketWatch - 4d

Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi

Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program.

The Wall Street Journal - 4d

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 - 4d

Take Two Media Initiative on smartphone use tips for families

With many kids asking for their first phone, the Take Two Media Initiative works with families to promote balanced tech use. Teen ambassadors Zora Penn and Gemma Graham join "CBS Mornings Plus" to ...

CBS News - 4d

GM shuts down robotaxi project to focus on autonomous vehicles

General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully autonomous personal vehicles. Cruise, GM’s self-driving car ...

The Hill - 4d

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

Krispy Kreme is latest to report a cyberattack that’s hampering its business

Krispy Kreme Inc.’s stock fell 2% early Wednesday, after the company said a breach of its IT systems has had a material impact on its business operations and is likely to continue to do so until it ...

MarketWatch - 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

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 - 4d

General Motors Scraps Cruise Robotaxi Program

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

The Wall Street Journal - 5d

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 - 5d

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 - 5d

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 - 5d

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 - 5d

GM to stop funding troubled Cruise autonomous vehicle unit

General Motors says it will move away from the robotaxi business and cease funding its money-losing Cruise autonomous vehicle division that originated as a San Francisco start-up.

CBS News - 5d

Reckoning with an era of slow growth

Opportunities exist for the UK and its European neighbours, but they must grasp the nettle of economic reform

Financial Times - 5d

The Power of Experience for Business Growth

Bring together customer, employee and user experience for long-term business growth.

Inc. - 6d

Leinster spark into life and cruise past Bristol

Leinster begin their pursuit of a fifth Investec Champions Cup crown with a ruthless second half display to claim a bonus-point victory over Bristol Bears at Ashton Gate.

BBC News - Dec. 8

Risers and fallers: Jalen Johnson soars, DeMar DeRozan falters

Which fantasy basketball players are on the rise or trending down? Steve Alexander highlights some names you'll want to track this week.

ESPN - Dec. 8

Why Disney Is Plowing Cash Into a Cruise Line Expansion

The entertainment titan plans to launch seven new cruise ships by 2031, looking to overseas markets far from theme parks.

The Wall Street Journal - Dec. 8

Saints cruise past Castres to claim bonus point

Northampton Saints kick-start their Investec Champions Cup campaign with a comfortable bonus-point victory over Castres at a blustery Franklin's Gardens.

BBC News - Dec. 7

GM: A's sought 'statement' with Severino deal

With the A's planning to play the next three years in West Sacramento, GM David Forst said the team "wanted to make something of a statement" in signing Luis Severino to a $67 million contract.

ESPN - Dec. 7

Job Growth Bounced Back in November

After October’s noisy jobs report, November’s reading got a boost from strike resolutions and hurricane recoveries.

Inc. - Dec. 6

No initial reports of major damage after 7.0 earthquake off coast of California

Northern California was rattled Thursday by an offshore 7.0 earthquake that triggered tsunami warnings from Oregon down to the Bay Area. CBS News correspondent Jason Allen has the latest.

CBS News - Dec. 6

Texas lieutenant governor launches initiative to ban THC

Texas Lt. Gov. Dan Patrick announced new legislation Thursday that would ban the sale of tetrahydrocannabinol (THC) throughout the state. Senate Bill 3, if passed, will override a 2019 Texas law ...

The Hill - Dec. 5

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

GM loses its golden goose in China

With a slowing market fuelling a price war between local brands, the party for foreign carmakers looks over for now

Financial Times - Dec. 5

GM takes more than $5bn charge against China businesses

Move lays bare declining future in what was once the US carmaker’s largest market

Financial Times - Dec. 4

Trump Considers DeSantis for Defense Secretary as His Support for Hegseth Falters

President-elect Donald J. Trump is weighing his options, even as Pete Hegseth meets with senators to muster support. Accusations of past misconduct have threatened his nomination from the start.

The New York Times - Dec. 4

GM sounds a warning on troubled China market, becoming latest carmaker to do so

GM’s 50-50 joint venture with SAIC Motor Corp. faces ‘market challenges and competitive conditions.’

MarketWatch - Dec. 4

Red Wings Falter in 3-2 OT Loss to Bruins

Detroit squanders a lead and strong performances from Ville Husso & Lucas Raymond in dropping to 10-12-3 with a loss in Boston

Yahoo Sports - Dec. 4

Bears sticking with GM; will lead coaching search

The Bears are sticking with general manager Ryan Poles, who will serve as the "point person" for the team's search for a new head coach.

ESPN - Dec. 2

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