This is a news story, published by MSN, that relates primarily to John Murphy news.
For more John Murphy news, you can click here:
more John Murphy newsFor more automotive and transportation news, you can click here:
more automotive and transportation newsFor more news from MSN, you can click here:
more news from MSNOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like automotive and transportation news, you might also like this article about
robotaxi business. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest CEO Elon Musk news, Cruise robotaxi venture news, automotive and transportation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
robotaxi endeavorsTheStreet
•Technology
Technology
76% Informative
General Motors announced late on December 10 that it is shutting down operations of its Cruise robotaxi venture, citing the prohibitively expensive costs of continuing to develop the technology.
The move caught Cruise employees off-guard as they inched closer to fully recovering from an accident in late 2023 in which a pedestrian was dragged approximately 20 feet underneath one of Cruise 's autonomous Chevrolet Bolts .
The automaker spent $10 billion on Cruise since it took the wheel in 2016 .
GM says it is ceasing to fund Cruise 's robotaxi development work.
The move should lead "to lower spending by more than $1 billion annually " Bank of America analyst John Murphy says GM 's exit may prove that Tesla and Google -owned Waymo might be better at the roboticaxi game.
VR Score
75
Informative language
71
Neutral language
41
Article tone
formal
Language
English
Language complexity
62
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
12
Source diversity
2
Affiliate links
no affiliate links
