Comment on Seeing no road to profit, GM shutters Cruise

Seeing no road to profit, GM shutters Cruise

After spending more than $10 billion to try to develop an autonomous robotaxi, General Motors is now calling time on the endeavor. On Tuesday afternoon, the automaker announced that it is done investing in Cruise's robotaxi development and will instead combine the startup's technical team with its internal efforts at GM. After several years, GM has accepted the inevitable: Given the costs, there's no way to build a profitable robotaxi business.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News