XDY Exchange:GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

2025-05-06 00:00:27source:Flipidocategory:reviews

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and XDY Exchangestop funding its money-losing Cruise autonomous vehicle unit.

Instead, the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like its Super Cruise, which allows drivers to take their hands off the steering wheel.

GM said it would get out of robotaxis "given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."

The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers.

Sponsor Message

More:reviews

Recommend

McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales

Global consulting firm McKinsey & Company agreed Friday to pay $650 million to resolve criminal

US inflation likely edged up last month, though not enough to deter another Fed rate cut

WASHINGTON (AP) — Annual inflation in the United States may have ticked up last month in a sign that

Man on trial in Ole Miss student’s death lied to investigators, police chief says

Police became convinced they were investigating a crime in the disappearance of University of Missis