WSJ – General Motors Scraps Cruise Robotaxi Program
Editors note: we at Robotaxi.Rodeo had long ago predicted that Cruise would be shut down (or sold for parts) by the end 2024. Well, our prediction was completely spot on! And it is great to see that GM will focus on advanced driver assistance systems since that can definitely improve safety.
It should also be noted that GM stock rose over 3% after the announcement, in after hours trading.
In case your are wondering, other key predictions made here is that Alphabet will wind down Waymo end of 2025 due to them realizing that the business is simply not financially advantageous. And Tesla, well, we predict that they never get their robotaxi system going in the first place.
Additional articles on the Cruise shutdown:
- GM News Release
- CNBC – provides additional context
- Reuters
- Bloomberg
- The Verge
See original article by Stephen Nakrosis at Wall Street Journal
General Motors has scrapped its Cruise robotaxi program, citing the time and costs needed to scale the business and rising competition from other autonomous driving competitors.
GM on Tuesday said it plans to realign its autonomous driving strategy and give priority to development of advanced driver assistance systems.
The automaker said it would pursue a path for fully autonomous personal vehicles, and build on the progress of its Super Cruise hands-off, eyes-on driving feature.
GM also said it plans to combine the technical teams from majority-owned Cruise LLC and GM into a single effort to advance autonomous and assisted driving.
The company said it expects the restructuring to reduce spending by more than $1 billion annually after the proposed plan is completed, which is expected in the first half of next year.
See original article by Stephen Nakrosis at Wall Street Journal
