In 2021, GM projected that Cruise would have tens of thousands of custom-built Origin robotaxis on the road that could generate $50 billion in annual revenue by the end of the decade.

After several years, GM has accepted the inevitable: Given the costs, there's no way to build a profitable robotaxi business. This year, GM will have spent around $2 billion on Cruise.

GM announced Tuesday that it would no longer be using Cruise LLC funding for developing a robotaxi service, citing increased competition in the market.

Cruise will be folded into GM’s tech teams working on advanced driver assistance and autonomous driving systems.

Robotaxi operations at Cruise look certain to end after its main backer, General Motors, said it will stop funding the initiative.

Cruise, the self-driving vehicle unit of General Motors Co., plans to resume driving robotaxis in California this fall for the first time since a pedestrian accident led to its license being ...

By David Welch Cruise, the self-driving vehicle unit of General Motors Co., plans to resume driving robotaxis in California this fall for the first time since a pedestrian accident led to its license ...