General Motors will no longer fund its Cruise division's robotaxi development, the company said on Tuesday.
GM said it plans to instead "realign its autonomous driving strategy" to focus on advanced driver assistance systems and autonomous systems for use in personal vehicles.
The decision to halt its emerging robotaxi service came after collisions, a clash with regulators and the suspension of permits that allowed it to operate a robotaxi ride hailing service in California.
At that point, Cruise began to focus on using the next-generation Chevrolet Bolt for development of its autonomous vehicles.
SoftBank-funded Wayve is testing its autonomous vehicles in San Francisco, and Amazon-owned Zoox is also testing its autonomous vehicles, which do not feature steering wheels, in several U.S. cities including San Francisco.
Persons:
Cruise, Mary Barra, Paul Jacobson, Jacobson, Waymo, Tesla, Elon Musk, — CNBC's Michael Wayland
Organizations:
Motors, Detroit, GM, Cruise LLC, Cruise, Miami
Locations:
Cruise, U.S, California, Miami, Texas, San Francisco