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Cruise LLC was an American self-driving car company that became a subsidiary of General Motors, headquartered in San Francisco, CaliforniaFounded in 2013 by Kyle Vogt and Dan Kan, [4] [5] [6] Cruise tested and developed autonomous car technology.
GM stock was higher in premarket trading. ... 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 ...
Cruise isn't even the first major player to bow out of the race to develop a robotaxi business. Ford ( F ) ended its Argo AI self-driving venture two years ago.
During the second quarter GM lost $458 million on its Cruise self-driving division, which was at least slightly better than the $611 million it lost one year ago.
Myriad issues led California to revoke Cruise's self-driving permits, ... ServiceTitan prices IPO above range to raise about $625 million. Finance. Reuters.
General Motors has announced that it will stop funding the development of the Cruise self-driving taxi. The company says it will now "refocus autonomous driving development on personal vehicles".
A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco. By David Shepardson and Nora Eckert
Cruise Origin, a purpose-built electric, self-driving, shared vehicle sits on display before U.S. President Joe Biden speaks at the grand opening of GM's Detroit-Hamtramck EV Factory Zero on Nov ...