GM cuts 1,000 jobs from Cruise, its abandoned self-driving taxi division
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The 1,000 who remain at General Motors will be folded into the company's advanced driver assistance systems engineering, which includes the company’s SuperCruise technology.
GM Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s Super Cruise system, which it has installed in many of its newer models. GM’s shift to Super Cruise is two-fold: First and foremost,
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
General Motors has finalized the complete acquisition of its Cruise autonomous vehicle unit to focus on developing the ...
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Buy the Dip in General Motors (GM)? That’s Exactly What the Data Says.A quick glance at the headlines doesn’t seem to offer much solace for investors of automotive giant General Motors (GM). The ...
GM is aiming to restore its profitability in the Chinese market in 2025 after facing three consecutive quarters of losses and ...
The layoffs come two months after GM announced it will focus on developing Cruise's autonomous tech for personal cars, rather ...
We recently published a list of 12 Best EV Battery Stocks to Buy in 2025. In this article, we are going to take a look at ...
About 88% of remaining employees are in engineering or related roles, and impacted employees were given 60 days’ notice.
General Motors’ lack of preparedness for tariffs raises concerns. Read why GM stock could face cost pressures that ...
The General Motors Company ( NYSE:GM ) share price has had a bad week, falling 13%. But the silver lining is the ...
GM is redefining the role of EVs, turning them into more than just a mode of transportation through its GM Energy initiative.
The finance arm of the Detroit automaker has resubmitted its application for an industrial loan company charter to the ...
Automaker shares led declines on Asian and European stock markets as President Donald Trump imposed 25% tariffs on Mexico and Canada, and 10% ...
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