The Detroit company, bailed out of bankruptcy during the Great Recession, said it was folding the Cruise technology and team into prioritizing fully autonomous personal vehicles. The release cited the ...
General Motors only a few years ago predicted that Cruise would generate $50 billion a year in revenue by the end of the decade, and GM had hoped that Cruise was a big part of its future.
SAN FRANCISCO, Dec 11 (Reuters) - General Motors' (GM.N), opens new tab decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the ...