GM pulls plug on Cruise robotaxi after investing more than $10B in self-driving business

  • 📰 nypost
  • ⏱ Reading Time:
  • 63 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 67%

Business أخبار

Tech,General Motors,Mary Barra

GM cited “considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market.”

at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology unit a top priority.

“This is the latest in the series of decisions that GM has announced which underscore our focus on having the right technology for the future of our company and the industry and reflects our commitment to execute with speed and efficiency,” she said on Tuesday.Google parent Alphabet's shares surge after quantum computing breakthrough

Ford is still working on advanced driver assistance systems in-house different from the fully autonomous ones being developed at Argo AI.Last month, Cruise admitted to submitting a false report to influence a federal investigation and agreed to pay a $500,000 criminal fine as part of a deferred prosecution agreement. The Justice Department said Cruise GM expects the restructuring will lower spending by more than $1 billion annually after the plan is completed by the end of June.

In 2022, GM filed a petition with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls such as brake pedals or mirrors. The agency has not acted on the request and GM cited the regulatory risk for its decision.Google removes flood of 1-star McDonald's reviews after worker turns in Luigi Mangione

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 91. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Base Network Surpasses $10B TVL Amid Crypto Market SurgeThe Base network has seen a significant increase in its total value locked (TVL), surpassing $10 billion for the first time, with a growth of over 67% since September. It achieved a record transaction speed of 106.26 transactions per second (TPS) and has witnessed an increase in weekly active addresses, nearing 6.6 million, indicating growing user engagement and adoption.
مصدر: Crypto_Potato - 🏆 568. / 51 اقرأ أكثر »