Latest in GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
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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 - 5h -
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 - 5h -
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 - 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. - 13h -
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 unitABC 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 -
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 - 12h -
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 - 20h -
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 -
France flies its 2 Mirage fighter jets out of Chad, signaling beginning of its military withdrawal from African country
France flies its 2 Mirage fighter jets out of Chad, signaling beginning of its military withdrawal from African countryABC News - 1d -
TikTok files emergency motion to stop ban from taking effect
The ban is set to go into effect next month unless TikTok finds a new owner.ABC News - 2d -
Macy’s shareholders clamor for retailer to squeeze value from its real estate, among other changes
Two investors launched a campaign Monday seeking changes at Macy’s that would boost profitability and returns.MarketWatch - 2d -
Inside Notre Dame Cathedral's recovery from its 2019 fire to Saturday's reopening
Saturday was a special day in Paris as Notre Dame Cathedral held its first mass in more than five years after a fire in April 2019 destroyed much of the cathedral's roof. Senior foreign ...CBS News - 2d -
BP shifts offshore wind to joint venture amid retreat from renewables
Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assets. Business live – latest updates BP has agreed a deal worth up to £4.5bn to build offshore ...The Guardian - 2d -
Trump says he won't stop administration from seeking retribution
Trump also told "Meet the Press" the Jan. 6 committee members should be jailed.ABC News - 2d -
Notre Dame's reopening celebrated its saviors as much as the cathedral's resurrection from fire
The reopening ceremonies for Notre Dame were as much a celebration of people as they were a rejoicing of the cathedral’s resurrection from fireABC News - 3d -
Retreat of Syrian Forces Threatens 'Saigon Moment' for Russia
Moscow’s support for the Assad regime has helped it project power throughout the region.The Wall Street Journal - 4d -
Oregon vs. Penn State prediction, odds: 2024 Big Ten Championship Game picks, props from expert up 68 units
Jimmie Kaylor revealed his college football picks, best bets, props and predictions for the Penn State Nittany Lions vs. Oregon Ducks in the 2024 Big Ten Championship Game at Lucas Oil Stadium on ...CBS Sports - 4d -
Trump isn't president yet, but that hasn't stopped him from starting to act like he is
Trump won't be president for another 45 days, but the president-in-waiting isn't shying away from acting like the president-in-reality.NBC News - 5d -
Everything to know as Taylor Swift's historic Eras Tour makes its final stop in Vancouver
Taylor Swift’s record-shattering Eras Tour is finally coming to a close after nearly two years of friendship bracelets, surprise songs and sparkly bodysuits.NBC News - 6d -
Waymo unveils plan to bring its robotaxi service to Miami
Waymo is gearing up to bring its robotaxi service to Miami which will accelerate an expansion that’s been happening while its hobbled rivals remain in its rearview mirrorABC News - 6d -
Nvidia tangos with an activist hedge fund: An excerpt from Tae Kim's new book on the tech giant
Starboard Value's Jeff Smith knows his firm sold its Nvidia stake way too soon, Tae Kim writes in "The Nvidia Way: Jensen Huang and the Making of a Tech Giant."CNBC - 6d -
The Syrian army says it has withdrawn from the central city of Hama after insurgents broke through its defenses
The Syrian army says it has withdrawn from the central city of Hama after insurgents broke through its defensesABC News - 6d -
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 nowFinancial Times - 6d -
Eagles' Vic Fangio has no answer when it comes to stopping teams from holding Jalen Carter
Carter had eight pressures against the Ravens, but Fangio noticed one egregious holdCBS Sports - Dec. 4 -
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GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor in China to cost more than $5 billion in noncash charges and write-downs.CNBC - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
Matt LaFleur: Intel from Jahmyr Gibbs post "overrated," still have to stop them
Lions head coach Dan Campbell said this week that he doesn't "really give a crap" that running back Jahmyr Gibbs revealed some of the team's protection calls in a social media post and Packers head ...Yahoo Sports - Dec. 4 -
Hedge funds profit from ‘Trump trades’ around US election
Element Capital and Graham Capital among macro managers that did well out of recent market swingsFinancial Times - Dec. 3 -
California special session to 'safeguard' state from Trump kicks off with proposed $25 million legal fund
Gov. Gavin Newsom's special legislative session to safeguard California from potential "federal overreach" from the incoming Trump administration begins Monday.CNBC - Dec. 3 -
Leicester’s Ruud van Nistelrooy ‘hurt’ by enforced exit from Manchester United
‘I was disappointed, very much so,’ he admits Dutchman ready to ‘work around the clock’ for new club Ruud van Nistelrooy said he was “hurt” that Ruben Amorim’s arrival at Manchester United ...The Guardian - Dec. 2 -
AC/DC's Power Up tour, its first U.S. run in nine years, will stop at the Rose Bowl
AC/DC's Power Up tour will hit 13 stadiums in North America in the spring, including the Rose Bowl in Pasadena on April 18.Los Angeles Times - Dec. 2 -
Enron Announces Its Return From the Dead With Crypto Patents and a Bunch of Merch
From the people who brought the world ‘Birds Aren’t Real’ comes a sequel befitting 2024’s Bitcoin rallies and general absurdity.Inc. - Dec. 2
