Summary:
- General Motors (GM) has announced that it is shutting down its Cruise autonomous vehicle division, which had invested over $10 billion in developing self-driving technology.
- The decision comes after Cruise failed to meet its targets for deploying a large-scale robotaxi service, facing technical challenges and regulatory hurdles in the highly competitive self-driving car industry.
- The closure of Cruise is a significant setback for GM's ambitions in the autonomous vehicle market, as the company had positioned the division as a key part of its future strategy.