GM to stop funding troubled Cruise autonomous vehicle unit, abandoning robotaxis
CBSN
General Motors says it will move away from the robotaxi business and cease funding its money-losing Cruise autonomous vehicle division.
According to a press release issued Tuesday and subsequent conference call that included GM Chair and CEO Mary Barra, the Detroit automaker will instead focus on development of partially automated driver-assist systems 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."
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