DETROIT — General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to take a firmer hold of the potentially multibillion-dollar business.

BMO Capital Markets has recently reiterated Salesforce Inc (CRM) stock to Outperform rating, as announced on December 4, 2024, according to Finviz. Earlier, on November 19, 2024, Scotiabank had ...

GM has effectively decided to shut down Cruise and absorb its teams and autonomous technology. It will focus on developing autonomous systems for personal vehicles rather than public use. This ...

DETROIT, MI — General Motors said Tuesday it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Earlier this year, the company announced it ...

General Motors is selling its stake in an electric vehicle battery facility to its partner LG Energy Solutions, the automaker announced Monday. The nearly completed factory in Lansing, Michigan ...

The Lansing plant was one of three battery plants GM announced in January 2022 through its joint venture with LG, Ultium Cells. GM’s first plant, in Warren, Ohio, began producing batteries for ...

Like many of the latest vehicle models, Canada’s automotive sector is largely driving itself, while leaders like General Motors Canada president and managing director Kristian Aquilina keep ...

LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors. By Jack Ewing General Motors said on Monday that it was ...

If General Motors and Dan Gilbert can’t secure the public funding they say they need to revamp the struggling Renaissance Center, the automaker says it’s prepared to demolish the five towers ...