The automaker cited the increased competition in the robotaxi market. General Motors announced Tuesday that it would end funding for its Cruise robotaxi service. The automaker said it would shift ...

Cruise has been in the middle of numerous controversies, but the latest one might have contributed to GM’s pulling funding. The robotaxi service was just hit with a $500,000 criminal fine from ...

This transcript was prepared by a transcription service ... last week, GM said that after investing $10 billion over the last decade, it's killing its Robotaxi program. Speaker 3: Cruise, the ...

GM exits the global robotaxi business, saving $1 billion annually, after investing $10 billion in Cruise since 2016. Competition from Waymo and Amazon, coupled with operational challenges ...

It's a hard lesson, but extremely valuable, and General Motors ( GM -1.88%) is currently in the process of learning it after ...

GM CEO Mary Barra, with the ending of its Cruise robotaxi operations, made it clear that the automaker's growth priorities have shifted amid a broader, industrywide retrench to preserve capital.

DETROIT — General Motors ... Cruise has relaunched service with safety drivers in Houston, Phoenix and Dallas, hired Marc Whitten as CEO and updated its safety standards. In February, the ...