In December, General Motors said it would no longer fund its Cruise robotaxi venture, highlighting the difficulty -- and costliness -- of building and scaling autonomous driving technology.

General Motors announced major layoffs at Cruise, its robotaxi venture, as it moves away from robotaxis following an unfortunate event in Las Vegas last year. About 1,000 employees have been put ...

With Cruise goes the company’s aspiration of using robotaxi fares to help double revenue by 2030. Instead, GM will focus its cash and resources on share buybacks and its electric vehicle ...

GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources familiar with the matter, part of a previously announced plan ...

By closing the Robotaxi subsidiary ... In June, GM gave Cruise another cash injection of 850 million dollars and saved on the construction of electric cars. The Cruise driving area was to be ...

Alphabet reported mixed earnings. Disney said it's losing streaming subscribers. GM lays off Cruise employees. Disney lost Disney+ streaming subscribers during its fiscal first quarter and warned ...

Why It Matters: In December, GM said it would no longer fund Cruise‘s robotaxi development but instead combine the unit into its technical teams. The robotaxi development work needs considerable ...

Disney lost Disney+ streaming subscribers during its fiscal first quarter and warned it expects another "modest decline" in subscribers in the second quarter. Despite the drop, the company's ...

General Motors (GM) is laying off around half of the workforce from its discontinued Cruise robotaxi business, following its decision to shut down the segment in December. The layoffs comes nearly ...