GM gives up on loss making Cruise robotaxi business

Here’s how much of 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 - 4h

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 - 4h

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 - 8h

Albertsons Gives Up Kroger Bid, Sues the Grocery Chain for Failed Deal

The lawsuit follows two separate Monday rulings blocking what would have been the largest ever grocery chain merger.

Inc. - 9h

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. - 12h

General Motors Scraps Cruise Robotaxi Program

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

The Wall Street Journal - 1d

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 - 1d

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 - 1d

Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal

Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval of the $24.6 ...

ABC News - 8h

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 - 11h

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 - 18h

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 - 23h

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 - 1d

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 - 1d

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 - 1d

Restaurants are making up for your crummy tip

Many servers are relying less on tips and more on rising wages as diners’ gratuities trail inflation — despite all the complaints about "tipflation."

NBC News - 1d

‘I’m at a loss’: My boyfriend of nearly 10 years is naming his elderly parents as beneficiaries and giving them power of attorney. Am I right to be upset?

“I own the house we live in and he pays me a small amount of rent every month to help cover my mortgage and utilities.”

MarketWatch - 1d

'We've been through an incredible transition' - O'Neil 'won't give up'

Wolves boss Gary O'Neil remains inistent that he can turn the club's fortunes around and avoid relegation despite a third defeat in a row.

BBC News - 2d

Cramer calls analyst downgrade of AMD 'cogent.' But he's not giving up on the stock

Bank of America is worried that competitive dynamics in the AI chip market could be an overhang on AMD.

CNBC - 2d

Loss to Forest makes scale of Manchester United rebuild clear to Ruben Amorim

Following back-to-back defeats, it shows that the task at hand for Manchester United head coach Ruben Amorim will continue to be a hard one.

ESPN - 3d

‘It’s a season to survive’: Guardiola all but gives up Manchester City’s title bid

City manager praises players despite dropping two points He laments loss of Rico Lewis for Manchester derby Pep Guardiola has said Manchester City face an uphill battle – “a season to survive” – ...

The Guardian - 4d

'You couldn't make it up' - Hamilton on qualifying exit

Lewis Hamilton says "you couldn't make it up" after he was eliminated from the first part of qualifying at the Abu Dhabi Grand Prix.

BBC News - 4d

‘We can’t give up on 1 million children’: the charity bringing psychological first aid to Gazans

In Gaza, Dr Yasser Abu Jamei offers hope and healing to families shattered by Israel’s war on the strip. A guide to the Guardian and Observer’s 2024 charity appeal partners Donate to our ...

The Guardian - 4d

A's GM David Forst says the team wanted to make a statement with Luis Severino's contract

Athletics general manager David Forst says the team wanted to make a statement going into its new home

ABC News - 4d

Will the Senate give up its constitutional check on Trump's nominees?

As Donald Trump takes a wrecking ball to what is left of our political norms, we need to stop thinking about guardrails of democracy and start thinking about barricades and trenches.

The Hill - 5d

Electric cars make up one in four sold in November

Sales of electric vehicles grow for the eleventh straight month as manufacturers offer steep discounts.

BBC News - 5d

Indiana Jones And The Great Circle Review - "I'm Making This Up As I Go"

The second level in Indiana Jones and The Great Circle takes Indy inside the bowels of Vatican City. It's the first time when MachineGames breaks loose from its linear shackles, presenting you with ...

GameSpot - 6d

MicroStrategy gives up big gain, turns negative despite bitcoin $100,000 milestone

Crypto-linked stocks gave up big gains even after bitcoin prices reached $100,000 for the first time ever.

CNBC - 6d

Millions will have to wait up to 12 years for NHS weight-loss drug

Fears that giving 3.4 million people immediate access to new weight-loss drug could overwhelm NHS.

BBC News - 6d

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

Kerr calls out Podz's decision-making after Warriors' loss to Nuggets

Warriors head coach Steve Kerr had strong words about guard Brandin Podziemski after Golden State's 119-115 loss to the Denver Nuggets on Wednesday night.

Yahoo Sports - Dec. 4

Make-up artist Lisa Eldridge on how to gift beauty products

Body lotions, bath salts and Gua Sha tools are easy wins, or step up your game with niche cosmetic brands and pampering treatments

Financial Times - Dec. 4

Protection deal for Amazon rainforest in peril as big business turns up heat

Exclusive: With Brazil’s politicians, agribusiness organisations and global traders piling on the pressure, the highly successful 2006 Soy Moratorium is under threat. One of the cornerstones of ...

The Guardian - Dec. 3

I wake up aroused – but can’t maintain it to make love to my wife

Anxiety is getting the better of me. What can I do to combat it and get my confidence back?. I often wake up with a good erection , but when I try to make love with my wife I get all hot ...

The Guardian - Dec. 3

‘Contrarians aren’t being rewarded,’ and short sellers of U.S. stocks are giving up, says Citigroup

Strategists at Citigroup say investors are increasingly giving up on bets against the U.S. stock market.

MarketWatch - Dec. 3

AT&T Gave Up on the Media Business, and Its Stock Has Surged

Investors have welcomed CEO John Stankey’s return to boring wireless and broadband services after costly entertainment gambles.

The Wall Street Journal - Dec. 3

How One Entrepreneur Is Making PR Accessible for Small Businesses

Jenny Nguyen has reimagined publicity for independent designers and craftspeople. In the process, she built a community.

Inc. - Dec. 2

Latest in GM gives up on loss making Cruise robotaxi business

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

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

GM to Shut Down Its Cruise Robotaxi Project

Albertsons Gives Up Kroger Bid, Sues the Grocery Chain for Failed Deal

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

General Motors Scraps Cruise Robotaxi Program

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

General Motors Cuts Funding to Cruise, Nixing Its Robotaxi Plan

Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal

GM shuts down robotaxi project to focus on autonomous vehicles

GM gives up on loss-making Cruise robotaxi business

General Motors pulls plug on robotaxi business

GM exits robotaxi market, will bring Cruise operations in house

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

GM to stop funding troubled Cruise autonomous vehicle unit

Restaurants are making up for your crummy tip

‘I’m at a loss’: My boyfriend of nearly 10 years is naming his elderly parents as beneficiaries and giving them power of attorney. Am I right to be upset?

'We've been through an incredible transition' - O'Neil 'won't give up'

Cramer calls analyst downgrade of AMD 'cogent.' But he's not giving up on the stock

Loss to Forest makes scale of Manchester United rebuild clear to Ruben Amorim

‘It’s a season to survive’: Guardiola all but gives up Manchester City’s title bid

'You couldn't make it up' - Hamilton on qualifying exit

‘We can’t give up on 1 million children’: the charity bringing psychological first aid to Gazans

A's GM David Forst says the team wanted to make a statement with Luis Severino's contract

Will the Senate give up its constitutional check on Trump's nominees?

Electric cars make up one in four sold in November

Indiana Jones And The Great Circle Review - "I'm Making This Up As I Go"

MicroStrategy gives up big gain, turns negative despite bitcoin $100,000 milestone

Millions will have to wait up to 12 years for NHS weight-loss drug

GM takes more than $5bn charge against China businesses

Kerr calls out Podz's decision-making after Warriors' loss to Nuggets

Make-up artist Lisa Eldridge on how to gift beauty products

Protection deal for Amazon rainforest in peril as big business turns up heat

I wake up aroused – but can’t maintain it to make love to my wife

‘Contrarians aren’t being rewarded,’ and short sellers of U.S. stocks are giving up, says Citigroup

AT&T Gave Up on the Media Business, and Its Stock Has Surged

How One Entrepreneur Is Making PR Accessible for Small Businesses

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