Cash cow to money pit: Why GM decided to let Cruise go
GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
Pour one out for Cruise and why autonomous vehicle test miles dropped 50%
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Hoodline5d
Cruise Slashes Workforce by Almost 50% Amid Shift in GM's Autonomous Vehicle Strategy
Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive ...
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 Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s ...
GM cuts 50% of Cruise staff after ending robotaxi business
About 88% of remaining employees are in engineering or related roles, and impacted employees were given 60 days’ notice.
Detroit Free Press6d
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 1,000 who remain at General Motors will be folded into the company's ...
Reuters7d
GM takes full control of Cruise in autonomous personal vehicle shift
"We are focused on combining efforts with General Motors to accelerate autonomy at scale on personal autonomous vehicles," the spokesperson said in a statement. The GM and Cruise teams will work ...