🚀 GM ‘blindsides’ Cruise by giving up on robotaxis
General Motors has decided to cease funding its commercial robotaxi business and will instead integrate Cruise, its self-driving car subsidiary, into its broader efforts to develop driver-assistance features and fully autonomous vehicles.
This decision surprised many Cruise employees, as GM had invested over $10 billion in the company since acquiring it for $1 billion in 2016.
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General Motors has decided to cease funding its commercial robotaxi business and will instead integrate Cruise, its self-driving car subsidiary, into its broader efforts to develop driver-assistance features and fully autonomous vehicles.
This decision surprised many Cruise employees, as GM had invested over $10 billion in the company since acquiring it for $1 billion in 2016.
💬 Source
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