After spending more than $10 billion to try to develop an autonomous robotaxi, General Motors is now calling time on the endeavor. On Tuesday afternoon, the automaker announced that it is done investing in Cruise’s robotaxi development and will instead combine the startup’s technical team with its internal efforts at GM.
After several years, GM has accepted the inevitable: Given the costs, there’s no way to build a profitable robotaxi business. This year, GM will have spent around $2 billion on Cruise.
Seeing no road to profit, GM shutters Cruise
