The move comes less than a month after Waymo opened up its robotaxi service in Los Angeles.
FILE – Cruise AV, General Motor’s autonomous electric Bolt EV, is seen on Jan. 16, 2019, in Detroit. GM said it would get out of robotaxis “given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market.”
GM’s brushoff of Cruise represents a dramatic about-face from years of full-blown support that left a huge financial dent in the automaker. The company invested $2.4 billion in Cruise only to sustain years of uninterrupted losses, with little in return.
The company has agreements to buy another 7% of Cruise and intends to buy the remaining shares so it owns the whole company. In April, a company called Aurora Innovation plans to start hauling freight on Texas freeways using fully driverless semis.
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