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."

Topics

Nissan Motor Reshuffles Senior Management as Part of Turnaround Efforts

The Japanese automaker’s CFO Stephen Ma has been appointed as the chairperson of the management committee for China.
The Wall Street Journal - 18h
General Motors Scraps Cruise Robotaxi Program

Carmaker cites competition, time and costs needed to scale the business.
The Wall Street Journal - 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 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
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
Universal Plug-and-Charge for EV Charging Stations Is Set to Launch in 2025

Next year, you won’t need to download yet another app to use an EV charger from an unfamiliar brand. Most of the major EV makers and charging networks are on board.
Wired - 6d
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 - Dec. 4
Lloyds boss warns of UK ‘investability problem’ after motor finance ruling

Sector left reeling after court backs consumer complaints about ‘secret commissions’ on car loans
Financial Times - Dec. 4