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The latest announcement is out from General Motors ( (GM) ).
General Motors has announced a strategic shift to focus its autonomous driving development on personal vehicles, leveraging its Super Cruise technology and combining efforts with Cruise LLC. GM will cease funding Cruise’s robotaxi development to streamline operations, enhance integration, and achieve significant cost savings while increasing its ownership in Cruise to over 97%.
More about General Motors
General Motors (NYSE: GM) is a leading automotive manufacturer focused on developing safer, smarter, and lower emission vehicles. The company offers a wide portfolio of innovative gasoline-powered vehicles under brands like Buick, Cadillac, Chevrolet, and GMC, and is committed to an all-electric future.
YTD Price Performance: 48.27%
Average Trading Volume: 13,046,163
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $57.96B
Learn more about GM stock on TipRanks’ Stock Analysis page.
