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GM takes full control of Cruise

Cruise Slashes Workforce by Almost 50% Amid Shift in GM's Autonomous Vehicle Strategy

Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive technologies.

USA Today · 1d

GM takes full control of Cruise in autonomous personal vehicle shift

GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology for personal vehicles.

San Francisco Examiner · 13h

Cruise cuts more than 300 in SF after GM takes full control

All told, the General Motors-owned business let go about 50% of its workforce, Cruise spokeswoman Sara Autio said in an emailed statement. That figure includes employees based in

GM, Cruise and robotaxi

cbtnews · 15h

GM cuts nearly half of Cruise workforce, abandons robotaxi plans

GM is laying off roughly 1,000 employees at its Cruise autonomous vehicle unit, cutting nearly 50% of its workforce.

USA Today · 1d

GM gives up on loss-making Cruise robotaxi business

General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said too much time and resources would be required to make Cruise a success.

Engadget on MSN · 1d

Cruise lays off half its staff after GM sunsets robotaxi program

Autonomous vehicle company Cruise is laying off around half of its workforce, according to reporting by TechCrunch. The cuts even extend to the CEO and other top executives. This is part of a major restructuring effort by parent company GM that will eventually see a total shutdown of operations.

GlobalData on MSN14h

General Motors takes full control of Cruise robotaxi venture

The auto giant plans to integrate Cruise's technology into its existing Super Cruise system, which enables hands-free driving ...

Barchart on MSN1d

Buy the Dip in General Motors (GM)? That’s Exactly What the Data Says.

A quick glance at the headlines doesn’t seem to offer much solace for investors of automotive giant General Motors (GM). The ...

12hon MSN

Jim Cramer Calls General Motors (GM) the Cheapest Stock in the S&P

We recently published a list of Jim Cramer Discusses These 10 Stocks & President Trump’s Tariffs. In this article, we are ...

GM Authority10h

GM’s Cruise Laying Off A Hefty Portion Of Its Workforce

Now that Cruise is no longer operating a network of autonomous ride-hailing services, GM is winding down its staff while keeping many of the engineers.

General Motors completes acquisition of full ownership of Cruise

General Motors (GM) announced that it has completed its previously announced acquisition of GM Cruise Holdingsfollowing the approval of GM’s ...

General Motors (NYSE:GM) sheds 13% this week, as yearly returns fall more in line with earnings growth

The General Motors Company ( NYSE:GM ) share price has had a bad week, falling 13%. But the silver lining is the ...

General Motors Cannot Pass All Tariffs Costs Onto Customers

General Motors’ lack of preparedness for tariffs raises concerns. Read why GM stock could face cost pressures that ...

General Motors swings to fourth quarter loss on toughening China conditions, but tops expectations

General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped ...

Wall Street Journal9d

GM Stock Sinks After Results

Shares in General Motors (GM) tumbled after the car maker reported a $2.9 billion quarterly loss, putting the stock on course for one of its worst days in recent years. The shares recently stood ...

13h

Trump's China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts

The largest impact will be on Ford's Lincoln Nautilus and General Motors’ Buick Envision, which accounted for 95% of ...

AutoGuide17h

GM Wants To Bring Super Cruise Self-Driving Technology To Urban Roads

General Motors has taken full control of Cruise LLC—shifting its focus away from robotaxis to integrating autonomous ...

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