GM exits robotaxi market, will bring Cruise operations in house

General Motors will no longer fund its Cruise division's robotaxi development, the company said on Tuesday.

GM said it plans to instead"realign its autonomous driving strategy" to focus on advanced driver assistance systems and autonomous systems for use in personal vehicles.The Detroit automaker cited the increasingly competitive robotaxi market, capital allocation priorities and the considerable time and resources necessary to grow the business as reasons for its decision.

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