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News in English (USA) / 12.12.2024 / 14:00

General Motors Shuts Down Cruise Robotaxi Program Amid Financial Losses

In a surprising move, General Motors has decided to end its Cruise robotaxi program, blindsiding employees and signaling a significant shift in its autonomous vehicle strategy. Despite previously investing heavily in the venture, which amounted to nearly $50 billion, GM has faced challenges including nearly $10 billion in losses and operational difficulties following recent incidents. As the automaker exits the robotaxi market, experts anticipate a restructuring aimed at recalibrating its focus toward driver-assist technology and in-house operations. Consequently, this decision places GM in a competitive disadvantage, allowing rivals like Tesla and Waymo to strengthen their lead in the autonomous vehicle sector. Additionally, Microsoft is expected to incur an $800 million charge linked to its stake in Cruise amidst this abrupt cessation.
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