On December 10, 2024, General Motors announced it would stop funding Cruise's robotaxi development, citing the competitive market, capital allocation priorities, and resources required. GM had invested over $10 billion in Cruise since acquiring a controlling stake in 2016 for $581 million. About 1,000 positions (roughly half the workforce) were eliminated in February 2025. GM pivoted to personal vehicle autonomous driving features instead.
company
General Motors
American multinational automotive manufacturing corporation. Parent company of Chevrolet, Cadillac, GMC, Buick, and formerly the Cruise autonomous vehicle division.