Tag: General Motors
Microsoft will take an $800M hit over Cruise robotaxi shutdown
GM’s decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company’s minority investors....
Honda cuts funding to robotaxi venture with Cruise and GM in Japan
Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now that...
GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles
General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car...
GM offloads one of its battery factories to joint venture partner LGES
General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its joint venture partner...
General Motors slashes another 1,000 jobs to cut costs
General Motors is laying off nearly 1,000 workers in the U.S. as part of a cost-cutting bid, just three months after cutting 1,000...