Cash cow to money pit: Why GM decided to let Cruise go
GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
Cruise laying off half its workforce as it prepares to shut down operations: report
Autonomous robotaxi company cruise is laying off nearly half of its employees, according to reports. Cuts extend to the ...
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 ...
Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
GM cuts 50% of Cruise staff after ending robotaxi business
About 88% of remaining employees are in engineering or related roles, and impacted employees were given 60 days’ notice.
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Feds Close Probe Into Cruise After GM Kills Off Robotaxi Firm
In October, the agency imposed a $1.5 million fine on the robotaxi ... pavement for 20 feet. The safety agency became aware of five incidents involving collisions between a Cruise vehicle and ...
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 ...