GM Renews Efforts To Develop Autonomous Cars After Cruise Shut Down: Report

Published : Aug 12, 2025, 12:20 AM IST
https://stocktwits.com/news-articles/markets/equity/gm-renews-efforts-to-develop-autonomous-cars-after-cruise-shut-down-report/chrHdPgRdeZ

Synopsis

According to a Bloomberg report, the company would focus on developing autonomous cars for personal use this time, as compared to earlier, when it was looking to develop a robotaxi service.

General Motors (GM) is seeking to bring back former Cruise employees in renewed efforts to develop a driverless car, Bloomberg reported on Monday, citing people familiar with the matter.

The company would focus on developing autonomous cars for personal use this time, as compared to earlier, when it was looking to develop a robotaxi service, the report said.

In December, GM said it would no longer fund Cruise‘s robotaxi development but instead combine the majority-owned unit into its technical teams. The robotaxi development work needs considerable time and resources to scale, GM reasoned, while adding that the market is getting increasingly competitive.

Get updates to this developing story directly on Stocktwits.

PREV

Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.

Recommended Stories

Leaked Files Reveal Binance Allowed Sanctioned Crypto Trades Despite Red Flags: Report
XRP, Solana Spot ETFs Lead In Weekly Inflows As Bitcoin, Ethereum Face Outflows