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GM's primary focus in autonomous vehicle tech by end of 2025?
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Resolution / Starting Odds
Consumer autonomous vehicles • 25%
Commercial autonomous fleets • 25%
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Official GM statements, product announcements, or strategic reports
Story
GM Halts Cruise Robotaxi Funding, Shifts to Consumer Autonomous Vehicles
Dec 11, 2024, 05:24 PM
General Motors (GM) has decided to halt the development of its self-driving taxi service, Cruise, and will instead focus its resources on developing autonomous vehicle technology for consumer vehicles. This strategic shift comes after GM invested over $10 billion in Cruise, which had been testing driverless ride-hailing services in San Francisco and other cities. The decision to end funding for the Cruise division was influenced by a grisly crash involving one of its vehicles in San Francisco last year, which led to significant challenges for the company. GM's move is seen as a cost-saving measure and a refocus on partially automated systems for personal vehicles.
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Similar markets
Europe • 25%
North America • 25%
Asia • 25%
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Increased market share in driver-assistance systems • 25%
No significant change in market position • 25%
Decreased market share due to competition • 25%
Urban ride-hailing • 25%
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Long-haul trucking • 25%
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Long-Haul Freight • 25%
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Ride-Sharing • 25%
Urban Mobility • 25%
Tesla • 25%
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Waymo • 25%
Ford • 25%
General Motors • 25%
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Volkswagen • 25%
Ford • 25%
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Electric vehicle integration • 25%
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Technological integration issues • 25%
Employee retention • 25%
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Financial instability • 25%