From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter
Publishing timestamp: 2024-12-15 08:00:01
Summary
GM CEO Mary Barra announced the end of Cruise robotaxi operations, shifting the automaker's growth priorities away from autonomous vehicles. The decision reflects a broader industry trend of focusing on core operations and adjacent business opportunities. GM will now focus on personal autonomous vehicles and improving its Super Cruise hands-free advanced driver assistance system. The move was largely viewed positively by analysts, saving the automaker over $1 billion in capital annually.
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Source: https://www.cnbc.com/2024/12/15/end-of-gm-cruise-driverless-robotaxi.html