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General Motors Pulls Plug on Cruise Robotaxi Business

  • General Motors has decided to halt operations for its Cruise robotaxi division.
  • The decision is a result of the immense challenges and high costs of competing in the autonomous vehicle market.
  • GM will now focus on developing advanced driver-assistance systems and refining its approach to electric vehicles.
  • The move reflects the capital-intensive nature of the industry and the need for deep financial reserves.

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