General Motors Scraps Cruise Robotaxi Program

Automotive and Transportation
Source : (remove) : Wall Street Journal
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Wed, December 11, 2024

[ Wed, Dec 11th 2024 ] - Wall Street Journal

General Motors Scraps Cruise Robotaxi Program

Mon, December 9, 2024

[ Mon, Dec 09th 2024 ] - Wall Street Journal

Auto & Transport Roundup: Market Talk

General Motors Scraps Cruise Robotaxi Program

_{//automotive-transportation.news-articles.net/co .. neral-motors-scraps-cruise-robotaxi-program.html}
^{Published in Automotive and Transportation on Wednesday, December 11th 2024 at 18:01 GMT by Wall Street Journal}

Carmaker cites competition, time and costs needed to scale the business.

General Motors has decided to significantly scale back its Cruise robotaxi program, which was once valued at $30 billion, following a series of operational setbacks and safety concerns. The company is cutting jobs, reducing spending, and halting the expansion of its driverless taxi service outside of its current testing grounds in San Francisco, Austin, and Phoenix. This decision comes after Cruise faced regulatory scrutiny and public backlash, particularly after an incident where one of its autonomous vehicles was involved in an accident with a pedestrian. The program's future now hinges on regaining public trust and proving the safety and reliability of its technology, with plans to relaunch in one city initially before considering broader expansion.

Read the Full Wall Street Journal Article at:
[ https://www.wsj.com/business/autos/general-motors-scraps-cruise-robotaxi-program-ea3298a8 ]

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