“After spending more than $10 billion on its robotaxi unit, General Motors is abandoning its Cruise driverless ride-hailing service.”
GM spent more than $10 billion on Cruise and was burning about $2 billion a year on it. Shares rose 2.3% the moment it quit. Honda put in $852 million and now has to rethink its 2026 Tokyo service, and nearly 2,300 Cruise employees don’t know who keeps a job. Waymo is in several US cities while GM retreats to driver assistance.