In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...

General Motors’ Cruise will lay off about 1,000 employees, including CEO Marc Whitten, as it shifts focus from robotaxi to ...

General Motors is taking full ownership of GM Cruise Holdings LLC, which will be absorbed into the development team working on the Super Cruise driving system.

General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months ...

Good morning! It’s Wednesday, February 5, 2025, and this is The Morning Shift, your daily roundup of the top automotive ...

General Motors has revealed it will be ending the robotaxi business aspect of Cruise and will be laying off nearly half of the workforce.

We calculate that at year-end 2024, GM had automotive net cash excluding legacy obligations of $6.0 billion, or $5.72 per diluted share. Per the 10-K, global pension contributions in 2025 are expected ...

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under three segments: GM North America, GM International, and GM ...

Delving into the details, we found 40% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we ...

The National Highway Traffic Safety Administration (NHTSA) has closed its investigation into GM’s defunct Cruise robotaxi arm. It was under investigation for failure to exercise “appropriate ...

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks ...