General Motors Co  (NYSE:GM) stock is down 1.3% to trade at $52.07 at last check, amid news that the company stopped funding the development of its Cruise robotaxi.
GM exited Cruise robotaxis after sinking $10 billion into their development. The post GM Stock Slides After Robotaxi U-Turn But Analysts See Upside appeared first on Investor's Business Daily.
General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car subsidiary Cruise and combine it with the automaker's
DALLAS--(BUSINESS WIRE)--Safety advocate and attorney Amy Witherite, whose firm specializes in motor vehicle accidents, says that General Motor's decision to halt its Cruise robotaxi program should se
Cruise founder Kyle Vogt criticized GM's decision to pull robotaxi funding. GM's decision to divest from Cruise comes as other tech giants forge ahead with robotaxi plans.
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Cramer's Mad Dash: General Motors

09:58am, Wednesday, 11'th Dec 2024
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General Motors just pulled the plug on Cruise's robotaxi dreams. The self-driving venture has been in doubt since a pedestrian was seriously injured last year.
General Motors Company is halting its Cruise robotaxi project to focus on driver assistance and core ICE and electric vehicle production. I previously rated GM stock a strong buy due to double-digit r
General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the techn

GM Walks Away From Robotaxis

08:15am, Wednesday, 11'th Dec 2024
General Motors Co. (NYSE: GM) has walked away from what many auto experts believe is a critical part of the industry's future just as Tesla Inc.

GM Abandons Cruise Robotaxi Program

07:35am, Wednesday, 11'th Dec 2024
General Motors (GM) said it was abandoning its Cruise driverless ride-hailing service due to its high costs and the scale needed in an increasingly competitive market.

GM pulls the plug on robotaxi plan

07:32am, Wednesday, 11'th Dec 2024
CNBC's Andrew Ross Sorkin reports on the latest news.

GM Drops Out Of The Robotaxi Race. Who Will Win?

07:23am, Wednesday, 11'th Dec 2024
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Tesla (TSLA) Price Prediction and Forecast

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