Cruise’s demise will cost Microsoft $800 million. In a regulatory filing, Microsoft said it would “record an impairment charge of approximately $800 million in the second quarter of fiscal year 2025” tied toGM’s decision to defund its robotaxi subsidiary Cruise. Microsoft has been a minori...
Autonomous vehicle startup Cruise is laying off almost 8% of full-time employees to cut costs as the pandemic continues.The company says it will offer...
GM’s New Performance Review System Sparks Fresh Layoffs Amid Backlash GM managers need to list 5% of staff that do not meet expectations January 29, 2025 at 10:06 REPORT Hyundai Could Supply GM With Electric Commercial Vehicles GM has largely given up on vans, but the company could be re...
GM's self-driving robotaxi unit, Cruise, is poised to deploy a small fleet of autonomous cars in Seattle, Washington.
GM declared layoffs on Monday, affecting more than 1,000 salaried employees at its software and service units worldwide.
The embarrassing incident resulted in Cruise's license to operate its driverless fleet in California being suspended by regulators and triggered a purge of its leadership—in addition to layoffs that jettisoned about a quarter of its workforce. ...
GM self-driving unit Cruise has been forced by a California regulator to pay the maximum penalty for waiting to report certain details...
While tariffs are cutting into defense stock returns, hope springs eternal with a big U.S. budget package on the way. Brian O'ConnellApril 9, 2025 7 Stocks with Good News Updates These high-flying stocks recently caught some momentum on positive news reports. ...
GM, while profitable, has still done multiple rounds of layoffs this year and last. The decision to kill off the affordable Chevrolet Bolt, however temporary, was a strategic misfire that went against what most Americans are seeking from an EV. We do not see a path to victory in the ...
The embarrassing incident resulted in Cruise’s license to operate its driverless fleet in California beingsuspended by regulatorsand triggereda purge of its leadership— in addition to layoffs thatjettisoned about a quarter of its workforce.