GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
General Motors is slashing Cruise's workforce by half after buying out all other remaining shareholders of the autonomous ...
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s ...
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
GM completes its acquisition of Cruise, which means a brutal 50% reduction in workforce. Those remaining will work on ...
About 88% of remaining employees are in engineering or related roles, and impacted employees were given 60 days’ notice.
General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo ...
Now that Cruise is no longer operating a network of autonomous ride-hailing services, GM is winding down its staff while ...
Defunct robotaxi company Cruise has begun to lay off employees today, sources tell The Verge. The layoffs come two months ...
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...