The automaker has invested more than $10 billion in Cruise. GM shares rose 3.2% in extended trading on Tuesday. In 2023, GM CEO Mary Barra said the Cruise business could generate $50 billion in ...

But by 2018, GM had decided to instead launch its own vehicles and network through Cruise. Cruise spokeswoman Tiffany Testo said Cruise remains focused on "relaunching our own driverless app and ...

The automaker said it will combine Cruise, of which GM is majority owner, and GM technical teams into a single effort to advance autonomous and assisted driving in personal cars. As a result ...

The pivot is a remarkable step for the automaker, which acquired the self-driving startup Cruise in March 2016 for $1 billion. Since then, GM has spent more than $10 billion on the company in a ...

GM CFO Paul Jacobson added that launching and operating a robotaxi service would take a significant amount of capital, beyond the $10 billion or so GM already spent on Cruise.

GM has effectively decided to shut down Cruise and absorb its teams and autonomous technology. It will focus on developing ...

Now Cruise employees will be combined with GM’s internal teams working on advanced driver assist systems, like Super Cruise, as well as its project to develop autonomous vehicles to sell to ...

A few days ago, GM announced that it would stop funding the Cruise division that it acquired in 2016. They had reportedly been having issues since the announcement of their Origin taxies in 2022 ...

Deploying Cruise Bolts rather than the tall Origin box-like minibus helps the automaker scale development of Ultium EVs, said GM’s CFO. The Cruise subsidiary lost $900 million in the first half ...

But by 2018, GM had decided to instead launch its own vehicles and network through Cruise. Cruise spokeswoman Tiffany Testo said Cruise remains focused on "relaunching our own driverless app and ...