Some critics say GM's move away from the robotaxi business will kill future growth; others say it was a $10 billion mistake.
There's a kind of big-picture way of looking at General Motors' decision to acquire, and less than a decade later, ultimately suspend, its Cruise robotaxi division: what are car companies supposed to be in the future? Are automakers just going to make individual, privately owned cars in the coming years, decades and even centuries? Or are they going to be, and do, much more than that? Perhaps on a long enough timeline, the future of mobility really will be fully automated pods, or even...
60%: With The Party Over, The Hangover Sets In Photo by: InsideEVs Between its EV sales, overall profits and bets on the future that are working, GM actually had a better year in 2024 than most. The same, I think, will be said of Hyundai Motor Group and a couple of others. Make no mistake, however: this was a very rough year for the auto industry. Maybe the gloomiest since the lead-up to the Great Recession.
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