The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
Category: Cruise LLC
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G.M. Will Stop Developing Self-Driving Taxis
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.
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Waymo Raises $5.6 Billion From Outside Investors
Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.
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Tesla’s Self-Driving ‘Robotaxi’ to Enter the Spotlight
Elon Musk has said that the vehicle will add trillions to Tesla’s stock market value and that those who don’t believe him should sell their shares.
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G.M. Reaches $1.5 Million Fine After Self-Driving Taxi Accident
The General Motors subsidiary reached a settlement with the main auto safety regulator after one of its self-driving taxis struck a pedestrian in San Francisco last year.
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When Self-Driving Cars Don’t Actually Drive Themselves
An immersive article shows readers what a New York Times reporter has tracked for nearly a decade: Robot taxis still need human help.
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Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.
Tesla says self-driving taxis will power its growth, but the company hasn’t said when such a service would be ready or how much it would increase profits.
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G.M. Will Restart Cruise Taxi Service
General Motors said the self-driving division’s cars will operate in Dallas, Houston and Phoenix after an accident last year. Human drivers will supervise the cars.
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The Very Slow Restart of G.M.’s Cruise Driverless Car Business
An incident that seriously injured a pedestrian in San Francisco led Cruise to take all of its cars off the road. The question now is when they will return.
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Cruise Says Hostility Toward Regulators Led to Grounding of Its Autonomous Cars
A report by a law firm about an October crash found that executives failed to fully explain the incident, which the Justice Department is also investigating.
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G.M. to Cut Spending on Cruise Self-Driving Unit
General Motors will “substantially lower spending” on autonomous vehicle efforts in 2024 after accidents with its self-driving taxis in San Francisco.
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The Long Shadow of Steve Jobs Looms Over the Turmoil at OpenAI
Sam Altman, the most prominent promoter of artificial intelligence, learned that it’s hard to be a visionary founder like the Apple legend.