financetom
Business
financetom
/
Business
/
General Motors acquires full ownership of Cruise autonomous business
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
General Motors acquires full ownership of Cruise autonomous business
Feb 4, 2025 9:55 AM

DETROIT (Reuters) - General Motors ( GM ) has finalized the complete acquisition of its Cruise autonomous vehicle unit to focus on developing the technology for personal vehicles instead of on robotaxis, the company announced on Tuesday.

GM in December said it would halt funding of the self-driving robotaxi operation following a year of trying to overcome challenges that arose after one of its robotaxis in San Francisco struck and seriously injured a pedestrian after she was hit by another vehicle.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Engine maker Safran upbeat on Boeing 737 MAX production this year
Engine maker Safran upbeat on Boeing 737 MAX production this year
Feb 14, 2025
* Safran CEO says Boeing ( BA ) had a 'very good start' to the year * Olivier Andries sees 737 MAX production at 42 a month by year-end * Boeing ( BA ) has a 'three-digit' stockpile of LEAP-1B engines, he says PARIS, Feb 14 (Reuters) - The head of French jet engine maker Safran said on Friday he...
Oil Rises as Trump Promises to End Russia War on Ukraine and Makes More Tariff Threats
Oil Rises as Trump Promises to End Russia War on Ukraine and Makes More Tariff Threats
Feb 14, 2025
08:46 AM EST, 02/14/2025 (MT Newswires) -- Oil prices rose early on Friday following two days of losses as traders gauge the latest moves from the U.S. Administration, which is promising to end Russia's war on Ukraine while threatening widespread tariffs on the country's trading partners. West Texas Intermediate crude oil for March delivery was last seen up US$0.70 to...
Arcturus Therapeutics Says EU Commission Approves COVID-19 Vaccine Kostaive
Arcturus Therapeutics Says EU Commission Approves COVID-19 Vaccine Kostaive
Feb 14, 2025
08:47 AM EST, 02/14/2025 (MT Newswires) -- Arcturus Therapeutics ( ARCT ) said Friday the European Commission granted marketing authorization for Kostaive, a self-amplifying mRNA COVID-19 vaccine for individuals aged 18 and above. The biotechnology company said Kostaive is the first self-amplifying mRNA COVID vaccine to receive European Commission clearance and is currently marketed in Japan against the disease. Kostaive...
Scotiabank Previews Friday's Bank of Canada Senior Loan Officer Survey
Scotiabank Previews Friday's Bank of Canada Senior Loan Officer Survey
Feb 14, 2025
08:50 AM EST, 02/14/2025 (MT Newswires) -- The Bank of Canada's Senior Loan Officer Opinion Survey is due out for its quarterly update at 10:30 a.m. ET Friday, noted Scotiabank. It will sample conditions toward the end of calendar Q4 and as such is going to be partly stale on arrival, said the bank. Still, watch for any potential effects...
Copyright 2023-2026 - www.financetom.com All Rights Reserved