G.M. Will Stop Developing Self-Driving Taxis

Published On Dec 10, 2024, 4:45 PM

General Motors (GM) has announced that it will discontinue its self-driving taxi project under its Cruise subsidiary, which has been a costly venture for the company. Instead, GM plans to focus on developing fully autonomous vehicles intended for personal use. This decision comes after challenges faced by the self-driving taxi service, including a serious incident involving a pedestrian. GM is shifting its strategy while competitors like Waymo and Tesla continue to advance their autonomous driving services.

Stock Forecasts

The decision to pivot from the self-driving taxi project may initially lead to negative perceptions of GM's autonomous vehicle aspirations, but focusing on personal vehicles could ultimately position them better in the long run. However, without successful deployment of fully autonomous technology, GM may face challenges competing against rivals like Waymo and Tesla.

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