General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce in Cruise, Bloomberg reported Tuesday (Feb. 4), citing an internal memo and unnamed...
Cruise, the autonomous vehicle unit of General Motors, is reportedly planning to resume its robotaxi service with a more focused approach. After facing safety mishaps and regulatory scrutiny, Cruise has decided to scale back its operations to a single city and shelve plans for Origin, a driverless taxi...
Paid, driverless taxis are set to become a regular part of life in San Francisco. As Bloomberg News reported Wednesday (Aug. 16), Waymo and Cruise recently received permission from California regulators to offer that service, paving the way for robotaxis to function around the clock. “It’s a signal for California that...
General Motors has bought out SoftBank Vision Fund 1’s stake in Cruise, a self-driving startup, for $2.1 billion, Bloomberg reported Friday (March 18). SoftBank now has no involvement in the business, while GM holds 80% ownership. In addition, GM said it plans to invest another...
February 04, 2025
General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce in Cruise, Bloomberg reported Tuesday (Feb. 4), citing an internal memo and unnamed sources. Several Cruise leaders will leave amid the restructuring, including […]
November 22, 2023
Cruise, the autonomous vehicle unit of General Motors, is reportedly planning to resume its robotaxi service with a more focused approach. After facing safety mishaps and regulatory scrutiny, Cruise has decided to scale...
August 16, 2023
Paid, driverless taxis are set to become a regular part of life in San Francisco. As Bloomberg News reported Wednesday (Aug. 16), Waymo and Cruise recently received permission from California regulators to offer that service, paving...
March 20, 2022
General Motors has bought out SoftBank Vision Fund 1’s stake in Cruise, a self-driving startup, for $2.1 billion, Bloomberg reported Friday (March 18). SoftBank now has no involvement in the...