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GM to exit loss-making Cruise robotaxi business. David Shepardson and Nora Eckert. Updated December 10, 2024 at 8:06 PM. A Cruise self-driving car, which is owned by General Motors Corp, is seen ...
However, GM's move suggests that billions in funding weren't enough in a still-developing part of the i GM's Cruise exit turns focus on challenges of scaling robotaxis Skip to main content
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.
General Motors Europe [1] (often abbreviated to GM Europe) was the European subsidiary of the American automaker General Motors ("GM"). The subsidiary was established by GM in 1986 and operated 14 production and assembly facilities in 9 countries, and employed around 54,500 people. [ 2 ]
General Motors was represented by the New York specialist law firm Weil, Gotshal & Manges. The United States Treasury was represented by the United States Attorneys Office for the Southern District of New York and Cadwalader, Wickersham & Taft LLP. An ad hoc group of the bondholders of General Motors Corporation was also represented in court. [47]
Candidates for the operation included Hyundai associated with DaimlerChrysler, Ford Motor Company and the GM-Fiat alliance. Finally, General Motors was the one who acquired Daewoo Motor's assets at $1.2 billion in 2002. [2] In 2002, Daewoo Commercial Vehicle Company was spun off from parent Daewoo Motor Co. Ltd.
(Reuters) - Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors' exit of the Cruise autonomous driving business ...
Alternative or translated names were "General Motors Schweiz AG", "General Motors Svizzera SA" and "General Motors Switzerland Ltd." [7] On 13 April 2004, there was a merger agreement with Saab Automobile Schweiz AG, which was acquired. [8] Saab belonged to General Motors at the time. On 14 April 2004, the head office was relocated to Opfikon. [9]