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

2025-05-05 09:11:32source:Diamond Ridge Financial Academycategory:reviews

DETROIT — General Motors said Tuesday it will retreat from the robotaxi business and EvoAIstop 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

Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo

For Kourtney Kardashian, life with baby Rocky is all about the small things.The Kardashians star sha

Ozzy and Sharon Osbourne's Son Jack Osbourne Marries Aree Gearhart In Private Ceremony

Jack Osbourne has a new reason to bark at the moon.The 37-year-old son of Ozzy and Sharon Osbourne m

Powerball jackpot climbs to $725 million after no winner drawn Wednesday

The Powerball jackpot has reached $725 million after no winner was drawn on Wednesday night. The jac