Waymo has made a lot of progress with self-driving cabs. It completes more than 150,000 driverless rides a week. Tesla hosted a Robotaxi Day to update investors on its plans and t

GM just walked away from its robotaxi dream, bailing on its Cruise business as the price tag became too much to stomach. Between the lines: GM can't afford — the cost or the distraction — to work on a moonshot when its core business needs fixing.

The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s

The automaker said it will combine Cruise, of which GM is majority owner, and GM technical teams into a single effort to advance autonomous and assisted driving in personal cars. As a result, GM said it will no longer fund Cruise’s robotaxi development ...

General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the technology and deep pockets to fund it.