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A General Motors Cruise self-driving car, often referred to as a robotaxi, drives in front of the Ferry Building on the Embarcedero, San Francisco, Calif., Aug. 17, 2023.
The automaker invested more than $10 billion in Cruise since taking control of the self-driving startup in 2016. Along with Google-backed rival Waymo, Cruise moved quickly to get its fleet of ...
General Motors' Cruise unit has agreed to recall nearly 1,200 robotaxis over hard braking issues, the U.S. auto safety regulator said on Thursday, following a probe into the safety of their ...
General Motors is pulling out of robotaxis after eight years of pouring money into Cruise's commercial business.
Since GM bought a controlling stake in Cruise for $581 million in 2016, the robotaxi service piled up more than $10 billion in operating losses while bringing in less than $500 million in revenue ...
The Cruise AV is a Chevy Bolt-based autonomous vehicle; the first generation (G1) were modified by Cruise in San Francisco while the subsequent second and third generations (G2 and G3) are manufactured at the Orion Township assembly plant in Michigan. The Cruise AVs feature "drive control algorithms and artificial intelligence created by Cruise."
Cruise, the self-driving unit of U.S. automaker GM, has halted operations and is facing multiple investigations, including one by the Justice Department, since the accident rocked the autonomous ...
But thus far, Cruise has cost GM more than $8 billion since the company acquired it in 2016, according to public filings. The losses have been increasing annually, including $1.9 billion through ...