General Motors announces the termination of the robotaxi project, Musk: Low-cost autonomous driving solutions are extremely difficult

Wallstreetcn
2024.12.11 07:01
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General Motors announced the termination of its autonomous taxi project Cruise, citing intensified competition and rising costs, with cumulative losses of approximately $10 billion. The company will readjust its autonomous driving strategy, focusing on advanced driver assistance systems for consumer vehicles. Tesla's end-to-end autonomous driving solution is considered the right direction. Cruise founder Kyle Vogt expressed dissatisfaction with General Motors' decision, calling it "foolish."