General Motors is moving full steam ahead with electrification, but that's not the only trick the automaker has up its sleeve. Today, GM announced Ultra Cruise, an advanced driver-assistance feature ...

General Motors Co. is cutting almost half of the workforce in its Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan to ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Ryan Knutson: In the transportation industry, there's a dream some people have ...

Late last year, GM announced that it would no longer pursue its full self-driving robotaxi efforts, opting to refocus its autonomous vehicle technology ambitions on personal vehicles instead. The move ...

Nisha Gopalan is a former Senior Overnight Assignment Editor for Investopedia News. She is an award-winning financial journalist who has worked in London, where she is currently based, and Hong Kong.

General Motors completed its purchase of GM Cruise Holdings LLC, the autonomous vehicle technology developer in which it had been the major stakeholder since 2016. No cost was reported for the ...

General Motors (NYSE:GM) said on Tuesday that it will no longer fund Cruise‘s robotaxi development but will instead combine the majority-owned unit into its technical teams, to the annoyance of Cruise ...

General Motors will stop funding Cruise, the division that was working to produce a fleet of robotaxis. Instead, the work being done on autonomous vehicles will be folded into GM’s in-house ...

DETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company poised ...

GM’s full acquisition of the Cruise autonomy company was completed this week, and the acquisition comes with layoffs. Job cuts were predictable when GM announced it was winding down the Cruise ...