The automaker has invested more than $10 billion in Cruise. GM shares rose 3.2% in extended trading on Tuesday. In 2023, GM CEO Mary Barra said the Cruise business could generate $50 billion in ...

But by 2018, GM had decided to instead launch its own vehicles and network through Cruise. Cruise spokeswoman Tiffany Testo said Cruise remains focused on "relaunching our own driverless app and ...

The automaker said it will combine Cruise, of which GM is majority owner, and GM technical teams into a single effort to advance autonomous and assisted driving in personal cars. As a result ...

General Motors will no longer fund Cruise. GM says launching and maintaining a Robotaxi network is not something that it is interested in doing. The automaker intends to roll Cruise's commercial ...

GM has effectively decided to shut down Cruise and absorb its teams and autonomous technology. It will focus on developing ...

Now Cruise employees will be combined with GM’s internal teams working on advanced driver assist systems, like Super Cruise, as well as its project to develop autonomous vehicles to sell to ...

Cruise, which previously operated as a subsidiary, will now be fully absorbed by GM. That’s all a major departure for the driverless car company which had its sights set on offering paid ...

While GM has declined to disclose how much revenue such businesses have produced, Barra, with the ending of its Cruise robotaxi operations on Tuesday, made it clear that the automaker’s growth ...

General Motors will stop funding Cruise, the division that was working to produce a fleet of robotaxis. Instead, the work being done on autonomous vehicles will be folded into GM’s in-house ...

Deploying Cruise Bolts rather than the tall Origin box-like minibus helps the automaker scale development of Ultium EVs, said GM’s CFO. The Cruise subsidiary lost $900 million in the first half ...