GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...

General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business.

Cruise held an all-hands meeting today, in which it announced that GM had acquired full control of the company. A ...

General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...

The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s ...

In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...

GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...

Now that Cruise is no longer operating a network of autonomous ride-hailing services, GM is winding down its staff while keeping many of the engineers.

General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo ...

General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...

General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the ...