GM halts funding of robotaxi development by Cruise
A in San Francisco, California, US, on Thursday Aug. 10, 2023.David Paul Morris | Bloomberg | Getty ImagesGeneral Motors said Tuesday that it will no longer fund robotaxi development work by Cruise citing "capital allocation priorities," and "the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."The Detroit automaker plans to "realign its autonomous driving strategy" to focus on advanced driver assistance systems a...
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