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Cruise’s robotaxi service will likely shut down as GM pulls its funding
Cruise is out.
GM said Cruise employees would be combined with its internal teams working on advanced driver assist systems, as well as its project to develop personally owned autonomous vehicles. “Consistent with GM’s capital allocation priorities, GM will no longer fund Cruise’s robotaxi development work given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market,” the automaker said in a statement published Tuesday. What is clear is that Cruise’s testing in Arizona and Texas will pause as the company decides its next move.
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