General Motors

Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations

Autonomous vehicle company Cruise is laying off “nearly” 50% of its workforce — cuts that extend to the CEO and several other top executives — as it prepares to shut down operations. What remains of Cruise will move under parent company General Motors as the automaker directs its resources towards improving its hands-free driver assistance […]

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GM expects to save up to $1 billion on Cruise costs

General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair Mary Barra said Tuesday during the company’s earnings call.  The estimate comes nearly two months after the automaker said it would no longer fund Cruise, its self-driving subsidiary that aimed to commercialize robotaxis. “GM has

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Microsoft will take an $800M hit over Cruise robotaxi shutdown

GM’s decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company’s minority investors. Microsoft, which in 2021 made an investment into Cruise, will take $800 million impairment charge as a result of GM’s actions, according to a regulatory filing. Microsoft said the charge will be

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Honda cuts funding to robotaxi venture with Cruise and GM in Japan

Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now that GM has pulled the plug on Cruise and its commercial robotaxi ambitions, reports The Nikkei. GM said Tuesday it would cease funding Cruise and instead absorb the company and combine it with

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GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles

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 own efforts to develop driver assistance features — and eventually fully autonomous personal vehicles. The pivot is a remarkable step for the automaker, which

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GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles

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 own efforts to develop driver assistance features — and eventually fully autonomous personal vehicles. The pivot is a remarkable step for the automaker, which

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GM’s Cruise to pay $500,000 fine to DOJ, admits submitting false report

Cruise, the autonomous vehicle unit of General Motors, has admitted to submitting a false report with the goal of influencing a federal investigation into a safety incident last year. In penance, the company will pay a $500,000 criminal fine as part of a deferred prosecution agreement, per the Department of Justice (DOJ).  This is one

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Mary Barra still thinks GM will make an AV with no steering wheel

General Motors CEO Mary Barra still believes an autonomous vehicle with no steering wheel and pedals is “definitely” in her company’s future, despite recently cancelling the purpose-built Origin. Barra told the crowd at TechCrunch Disrupt 2024 on Tuesday that she still has an eye on a purpose-built robotaxi, but that she made the call to

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