Pour one out for Cruise and why autonomous vehicle test miles dropped 50%
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Honda Is Why General Motors Is Slowing Down EV Production In Mexico
That plant is a very important plant for GM’s EV models. Currently, it makes the Blazer EV, Equinox EV, the forthcoming ...
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General Motors takes full control of Cruise robotaxi venture
The auto giant plans to integrate Cruise's technology into its existing Super Cruise system, which enables hands-free driving across 750,000 miles of roads in North America. The S ...
GM takes full control of Cruise in autonomous personal vehicle shift
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
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 Continues to Execute Well, but Tariff Risk Is High
We calculate that at year-end 2024, GM had automotive net cash excluding legacy obligations of $6.0 billion, or $5.72 per diluted share. Per the 10-K, global pension contributions in 2025 are expected ...
GM finalizes Cruise acquisition as layoffs loom for workers
General Motors is slashing Cruise's workforce by half after buying out all other remaining shareholders of the autonomous ...
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 ...