GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology for personal vehicles.
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
General Motors believes its Super Cruise semi-autonomous driving system could earn it $2 billion USD a year within five years ...
GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
The Cruise team will be folded into GM's core business and work on developing autonomous driving systems for GM vehicles. Not ...
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business.
Now that Cruise is no longer operating a network of autonomous ride-hailing services, GM is winding down its staff while ...
The layoffs come two months after GM announced it will focus on developing Cruise's autonomous tech for personal cars, rather than robotaxis.
GM to integrate Cruise tech into Super Cruise system Cruise staff reduced by 50% after acquisition Super Cruise projected to generate $2 billion annually in five years Focus shifts to autonomous ...
GM invested a total of $10 billion in Cruise since 2016. GM instead chose to pivot autonomous technologies into personal vehicles, rather than commercial. On Oct. 2, 2023, a Nissan Sentra hit a ...