Automakers like Ford Motors and Volkswagen had also once made big, billion-dollar bets on the future of ridehail—only to walk ...

General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...

In a call to “realign” its autonomous driving strategy, General Motors will no longer be funding its Cruise robotaxi program ...

Microsoft Corp (NASDAQ: MSFT) has said that it will be recording an impairment charge of approximately $800 million in the ...

General Motors' move suggests that billions in funding weren't enough in a still-developing part of the industry that has met with several setbacks and scepticism from wary drivers.

The company suspended the Cruise self-driving taxi service late last year after a vehicle struck and seriously injured a ...

Microsoft takes a financial hit as GM redirects autonomous vehicle plans from robotaxis to consumer-focused solutions.

The Detroit auto giant says it’s halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its ...

Microsoft announced an $800 million impairment charge due to General Motors' termination of its Cruise autonomous vehicle ...

Microsoft will take an $800 million impairment charge in its second quarter earnings report related to its investment in ...

General Motors announced Tuesday it will no longer be funding its Cruise robotaxi operations after years of navigating ...

For many in the low-vision community, self-driving cars represent the zenith of accessibility; no longer must we be at the ...