December 12, 2024 - 11:39

In a significant shift, General Motors has decided to abandon its Cruise robotaxi project, following a series of controversies that have plagued the initiative. Just weeks after admitting to misleading federal investigators regarding an incident in San Francisco, where one of its robotaxis was involved in dragging a woman, the company faced scrutiny and backlash. This admission came alongside a hefty $1.5 million fine imposed on GM, further tarnishing its reputation in the autonomous vehicle sector.
Despite GM's withdrawal, other companies in the robotaxi space are continuing to push forward with their own projects. The autonomous vehicle industry remains vibrant, with several players committed to advancing technology and safety measures. As GM steps back, the focus now shifts to how competitors will navigate the challenges and opportunities in the evolving landscape of robotaxis. The departure of such a major player raises questions about the future of autonomous transportation and the regulatory hurdles that still need to be addressed.
December 19, 2025 - 03:31
HCLTech Acquires HPE's Telco Solutions Business in Strategic MoveIn a significant development within the tech industry, HCLTech has announced its acquisition of HPE`s Telco Solutions business. This strategic move marks the second collaboration between the two...
December 18, 2025 - 03:57
Global Business Travel Group Reassesses Valuation Amid Stock FluctuationsGlobal Business Travel Group (GBTG) is undergoing a significant transformation in its business travel platform, prompting investors to reevaluate its valuation following a recent rebound in share...
December 17, 2025 - 21:20
Small Businesses Face Price Hikes Amid Negative Profit GrowthThe latest survey indicates a significant surge in small businesses raising prices, marking an unprecedented jump between October and November. This trend comes at a challenging time for...
December 17, 2025 - 04:09
Resonac's Strategic Vision for Future GrowthHidehito Takahashi, President and CEO of Resonac, recently shared insights into the company`s future prospects in the semiconductor materials sector. He emphasized a positive outlook for demand and...