Automotive and Transportation
Source: (remove) : Wall Street Journal
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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


Published on 2024-12-11 18:01:48 - Wall Street Journal
  Print publication without navigation

  • 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 ]