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.
June 15, 2026 - 22:06
Wellesley business buzz: Lockheart to open restaurant at Newton Centre train station; Painting Place readies for Father's DayThe Lockheart restaurant, which has been a fixture in Wellesley since 2022, is preparing to open a second location inside the Newton Centre commuter rail station. The new outpost will bring the...
June 15, 2026 - 10:49
Students push business schools to beef up private markets teachingA growing number of students are pressing business schools to expand their coverage of private markets, arguing that the curriculum has not kept pace with the rapid evolution of the industry....
June 14, 2026 - 23:35
Emory Taps Saby Mitra as New Dean for Goizueta Business SchoolEmory University has named Saby Mitra as the next dean of the Goizueta Business School, effective July 1. Mitra, currently a senior associate dean at the University of Florida`s Warrington College...
June 14, 2026 - 02:54
From rockets to brain implants, here's a look at Elon Musk's vast empireElon Musk, now the world`s first-ever trillionaire, oversees a sprawling network of companies that span radically different industries. His ventures reach from the depths of the earth to the...