General Motors settled a class action lawsuit claiming that GM’s Duramax diesel engines contained faulty fuel pumps. The suit ...
In 1993, GM had controlling interest in Isuzu and signed a deal to supply its Rodeo to become Honda’s first SUV, rebadged the ...
When GM decided to retreat from the robotaxi business earlier this month, it had already poured $10 billion into Cruise.
“You’ve got to really understand the cost of running a robotaxi fleet, which is fairly significant, and again, not our core business,” Barra said on an analyst call. GM expects the ...
Waymo leads the US robotaxi market in 2024, achieving five million autonomous trips, while Tesla and Zoox strive to compete.
General Motors Co reported a 4.3% rise in annual U.S. auto sales on Friday, supported by higher demand for its pickup trucks ...
GM's most recent change came Tuesday when the automaker announced it would walk away from the billions of dollars it invested in Cruise's robotaxi fleet development since 2016 to instead focus on ...
In fact, the current self-driving vehicle trend is a head scratcher for the most devout of free market economists, ...
The automaker is folding Cruise, its San Francisco-based subsidiary, into its in-house efforts to develop autonomous driving for personal vehicles.
As a result, GM said it will no longer fund Cruise’s robotaxi development, given the considerable time and resources needed to scale the business, along with an increasingly competitive robotaxi ...
General Motors said it was abandoning its Cruise driverless ride-hailing service due to its high costs and the scale needed ...