Waymo also recently announced selling off the operations side of some of their established markets (like Phoenix) so they can focus more on the tech development by testing the vehicles in...
Waymo also recently announced selling off the operations side of some of their established markets (like Phoenix) so they can focus more on the tech development by testing the vehicles in different areas.
The Detroit automaker on Tuesday said it will no longer fund its Cruise division’s robotaxi development and will instead fold the unit into its broader tech team. GM shares rose 2.3% in extended trading.
“Cruise was well on its way to a robotaxi business — but when you look at the fact you’re deploying a fleet, there’s a whole operations piece of doing that,” GM CEO Mary Barra said on a call Tuesday. Barra said GM would instead focus on the development of autonomous systems for use in personal vehicles.
GM cited the increasingly competitive robotaxi market, capital allocation priorities and the considerable time and resources necessary to grow the business as reasons for its decision.
The company will combine the majority-owned Cruise LLC with GM technical teams. Barra, who also serves as board chair of Cruise, said the companies have yet to determine how many employees will move to GM. Cruise has nearly 2,300 employees, a GM spokesperson told CNBC.
Waymo also recently announced selling off the operations side of some of their established markets (like Phoenix) so they can focus more on the tech development by testing the vehicles in different areas.
From the article:
Cruise leaking people like a sieve plus GM just getting done with a big layoff doesn’t bode well for keeping a whole lot of people around.