General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months ...

General Motors is taking full ownership of GM Cruise Holdings LLC, which will be absorbed into the development team working on the Super Cruise driving system.

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

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

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

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 ...

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 ...

Several of Cruise’s leaders, including Chief Executive Officer Marc Whitten, will leave this week in the overhaul.

General Motors has completed its previously announced acquisition of GM Cruise Holdings LLC, the automaker announced Tuesday.

The estimate comes nearly two months after the automaker said it would no longer fund Cruise, its self-driving subsidiary that aimed to commercialize robotaxis. “GM has proposed a restructuring ...

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 to integrate Cruise tech into Super Cruise system Cruise staff reduced by 50% after acquisition Super Cruise projected to generate $2 billion annually in five years Focus shifts to autonomous ...