Bloomberg – Microsoft Sees $800 Million Charge on Stake in GM’s Cruise
Bloomberg reports that it isn't just GM taking a financial bath by shutting down Cruise. Microsoft also had to take a $800 million charge.
Robotaxi.news
Are robotaxis the future? Or instead, the past?
Robotaxi.news
Are robotaxis the future? Or instead, the past?
Scouring the news for interesting articles on robotaxis.
Read MoreBloomberg – Microsoft Sees $800 Million Charge on Stake in GM’s Cruise
TechCrunch – Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program
TechCrunch reports that the Cruise employees didn't realize that there was no way that GM was going to continue to burn more money on the doomed project. The key thing is that Waymo employees currently believe that they will always be supported by the parent company. Well, it just doesn't work that way.
TheVerge – The end of Cruise is the beginning of a risky new phase for autonomous vehicles
TheVerge provides the most in depth coverage of the fall of Cruise. A robotaxi business is currently too expensive and complicated to succeed with financially. The article also appropriately points out that urban transportation advocates see the only true safety solution is fewer cars, not automated ones.
Fortune – With General Motors pulling the plug on Cruise, every American automaker except Tesla has called it quits on robotaxis
Fortune reports on how GM pulling the plug on Cruise shows just how hard it is for automakers to succeed with robotaxis. Tesla stockholders should take note.
Waymo gets stuck in a roundabout loop
Waymo is often touted as the most advanced robotaxi system out there. Yet the vehicles are still befuddled by simply things like navigating a round-a-bout.
Business Insider – Why GM pulled the plug on Cruise after spending $10 billion on robotaxis
Business Insider reports on how GM is shutting down the Cruise division. But their main point is that the robotaxi business is simply a bad business financially.
