Good morning! It’s Wednesday, February 5, 2025, and this is The Morning Shift, your daily roundup of the top automotive ...
General Motors’ Cruise will lay off about 1,000 employees, including CEO Marc Whitten, as it shifts focus from robotaxi to ...
General Motors (GM) is laying off around half of the workforce from its discontinued Cruise robotaxi business, following its decision to shut ...
General Motors has revealed it will be ending the robotaxi business aspect of Cruise and will be laying off nearly half of the workforce.
Cruise, the autonomous vehicle company owned by General Motors, will cut approximately 50% of its staff following its parent ...
General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months ...
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
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 is slashing Cruise's workforce by half after buying out all other remaining shareholders of the autonomous ...
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
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.
The Swedish automaker plans to use pair sensors and other hardware with Waabi's AI-based software in its Volvo VNL Autonomous ...