Latest in Cruise Robotaxi Business
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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 - 6h -
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 - 6h -
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 - 11h -
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. - 15h -
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 - 14h -
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 - 21h -
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 - 1d -
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 -
Law firms lean into the business of prediction
Expect more lawyers to use data and generative AI to work ever closer with clientsFinancial Times - 1d -
The Power of Experience for Business Growth
Bring together customer, employee and user experience for long-term business growth.Inc. - 2d -
Short-handed Grizzlies cruise to 140-112 win over Wizards
Jaren Jackson Jr. scored 21 points, Scotty Pippen Jr. had 14 points and 12 assists and the short-handed Memphis Grizzlies romped to a 140-112 victory over the Washington WizardsABC News - 3d -
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 - 3d -
‘Moana 2’ cruises to another record weekend and $600 million globally
“Moana 2” remains at the top of the box office in its second weekend in theaters as it pulled in another record haulABC News - 3d -
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 - 3d -
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 - 4d -
Uber will offer robotaxi rides in Abu Dhabi through partnership with WeRide
Uber said robotaxi rides will be available between Saadiyat Island and Yas Island, as well as routes to and from Zayed International Airport.CNBC - 5d -
The Biggest Business Fails of 2024
What do a global IT outage, glue on pizza, and the decline of an aviation giant have in common?Inc. - 5d -
Waymo to expand to Miami, aims to launch robotaxi service there in 2026
Waymo is setting its sights on its next location: the Sunshine State.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 -
Waymo to expand to Miami, aims to launch robotaxi service there in 2026
Waymo says it's setting its sights on the Sunshine State for its next expansion.CNBC - 6d -
Manchester City back to winning ways as they cruise past Nottingham Forest
. Manchester City snapped out of their downward spiral as they roared back into life with a convincing 3-0 victory over Nottingham Forest.. Goals from Bernardo Silva, a rejuvenated Kevin De Bruyne ...The Guardian - Dec. 4 -
Western businesses in China hold on to hopes for Trump 2.0
Some believe the incoming US president is in a strong position to negotiate a trade deal with BeijingFinancial Times - Dec. 4 -
How to Turn ‘Boring’ Businesses Into Cash-Flow Machines
In ‘Main Street Millionaire,’ Codie Sanchez describes how to make money buying the types of businesses that most people ignore.Inc. - Dec. 3 -
Is Enron really back in business? Here's what to know.
A new Enron website appeared on Monday to proclaim its relaunch. It's been 23 years since the energy company went up in smoke.CBS News - Dec. 3 -
Nicholas Hoult is a man of character — and it's keeping him busy
'What I enjoy doing is trying to disappear and not do the same thing over and over again,' says the actor with three recent releases: 'Juror #2,' 'The Order' and 'Nosferatu.'Los Angeles Times - Dec. 3 -
Inc.’s 2024 Best in Business Honorees
Meet the companies innovating, inspiring, and operating at the very top of their games.Inc. - Dec. 3 -
Businesses and Job Seekers: Beware of This Hiring Scam
Scammers might be using your business’s job posting to make a buck.Inc. - Dec. 3 -
Visiting Europe's Christmas markets? Here's how to do it — via a river cruise
A river cruise is a convenient way to explore some of the oldest and most famous Christmas markets in Europe, writes contributor Penny Sadler.CNBC - Dec. 2 -
Resilience Is Required to Start and Sustain a Business
When you launch a business, you learn a lot about yourself—here’s how to harness that.Inc. - Dec. 2
