This isn’t really a surprise at this point. GM’s Cruise robotaxi service went off the road more than a year ago after a terrible accident in San Francisco and lost its right to operate in the city. Not long after that the company laid off about 1/4 of its workforce. Yesterday, GM announced it was pulling the plug on the whole project despite having spent about $10 billion on it.
General Motors said on Tuesday that it would stop developing a taxi that can drive itself, ending a yearslong project that the company spent billions of dollars on and leaving the field to competitors like Tesla, Amazon and Waymo…
Elon Musk, the chief executive of Tesla, and other Silicon Valley executives have sketched a future where thousands of driverless cars ferry passengers to destinations.
But Mary T. Barra, the chief executive of G.M., suggested that the payoff was too far…
