mosaique.info logo
sign up
  1. home
  3. article
  5. General Motors pulls plug on Cruise self-driving taxi effort

General Motors pulls plug on Cruise self-driving taxi effort

ai generated text

General Motors has decided to discontinue its development of a fleet of driverless taxis, also known as robotaxis, due to financial losses and increasing competition from Google's Waymo unit and Uber. The company will instead focus on developing driver assistance features for its vehicles. GM's Cruise business, which was responsible for developing the robotaxis, will be folded into its group working on driver assistance technology. This decision marks a significant shift in GM's priorities, as the company had previously invested over $10 billion in Cruise's development since 2016. Elon Musk, CEO of Tesla, has expressed optimism about the potential of robotaxis, but investors remain skeptical about their viability.

  1. US
    Bernstein
    1. They can, but it requires capable tech and a willingness to spend billions if an AV provider is keen to scale a proprietary network, as we saw in the early days of rideshare.
    2. The decision from GM raises an interesting question of whether AV economics can work at all.
  2. US
    Kyle Vogt
    Cruise
    1. In case it was unclear before, it is clear now: GM are a bunch of dummies.
  3. US
    Dave Richardson
    General Motors Co
    1. We're fully committed to autonomous driving and excited to bring GM customers its benefits – things like enhanced safety, improved traffic flow, increased accessibility, and reduced driver stress.
  4. US
    Mary Barra
    General Motors Co
    1. GM is committed to delivering the best driving experiences to our customers in a disciplined and capital efficient manner.
    2. A robotaxi business is not General Motors' core business.
    3. You've got to really understand the cost of running a robotaxi fleet, which is fairly significant, and again, not our core business.
  5. US
    Philip Koopman
    1. That's a reason to be mindful of safety even as you're under pressure from investors to make quick progress.
    2. The cost of having a bad crash, especially where it looks like you're not paying enough attention to safety as you should have been, could be the whole company.

sources

  1. 1.CTV News
  2. 2.The Times
  3. 3.The Guardian

perspectives

  1. 1.Artificial Intelligence
  2. 2.Electric Cars
  3. 3.Automotive industry
  4. 4.Robotics
  5. 5.Self-driving car

countries

  1. 1.ChinaCN
  2. 2.United StatesUS

organizations

  1. 1.CruiseUS
  2. 2.WaymoUS
  3. 3.General Motors Co
  4. 4.TeslaUS
  5. 5.GoogleUS
  6. 6.Alphabet Inc
  7. 7.Ford Motors
  8. 8.Uber
  9. 9.VolkswagenDE
  10. 10.WeRide
  11. 11.Amazon.com
  12. 12.Argo AIUS

persons

  1. 1.Mary BarraUS
  2. 2.Elon MuskUS
  3. 3.Dave RichardsonUS
  4. 4.Kevin Lynch
  5. 5.Marc Whitten

technicals

  1. 1.Apollo
  2. 2.Argo
  3. 3.Super Cruise