GM to Stop Funding Development of Cruise Robotaxis
General Motors said on Tuesday it will stop funding development of robotaxis at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology unit a top priority. GM said it would not fund work on the robotaxis "given the considerable time and resources that would be needed to scale the business,
General Motors will not own a stake in the Ultium Cells battery plant in Lansing after all.
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Here's Why GM Sold Its Stake In One Of Four Battery PlantsThe recalibrated EV demand-and-supply equilibrium has pushed GM to take this step, but it's not as bad as it sounds.
GM has invested billions in new Ultium Cells battery production plants to support the EV transition. However, these ...
Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost controls going into 2025.
GM made the announcement amid a push by executives to be more capital-efficient and make its electric vehicles profitable.
The joint-venture partners are extending their electric-vehicle battery collaboration to include a space-efficient, ...
General Motors has sold its stake in its joint venture battery plant in Lansing, Michigan, leaving workers in a state of ...
GM and LG Energy Solution have announced an expansion to their existing battery technology partnership to include the ...
In separate announcements, GM said it planned to sell its stake in a Michigan joint-venture battery factory to LG, while the ...
GM announced plans to sell its stake in the nearly completed Lansing, Michigan, EV battery plant to joint venture ...
General Motors CEO Mary Barra says she's still bullish on her company's prospects amid challenges with EVs and issues with ...
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