GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...

The latest layoffs at Cruise extended all the way to top leadership, as GM prioritizes engineering talent moving forward.

The general mood among these heavyweight investors is divided, with 42% leaning bullish and 42% bearish. Among these notable ...

GM’s full acquisition of the Cruise autonomy company was completed this week, and the acquisition comes with layoffs. Job cuts were predictable when GM announced it was winding down the Cruise ...

General Motors (GM), which acquired autonomous vehicle ... system and personal autonomous vehicles (AVs). The layoffs were announced by Cruise’s president and chief administrative officer ...

General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...

In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...

General Motors GM.N said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing the autonomous technology for personal vehicles not robotaxis. The Detroit ...

A GM spokesman said fewer than 20 Michigan workers were laid off in the move. Laid-off Cruise employees were informed Tuesday as GM completed its consolidation of the former robotaxi business arm.

GM is taking full ownership of GM Cruise Holdings LLC now that the Cruise Board of Directors has approved GM’s merger offer. Previously, General Motors owned about 90 percent of Cruise ...

General Motors' Cruise division cuts staff by 50% as it shifts focus from robotaxi to Super Cruise development.

Those laid off were based in California, Arizona and other locations. A GM spokesman said fewer than 20 Michigan workers were laid off in the move. Laid-off Cruise employees were informed Tuesday as ...