GM said it will realign its autonomous driving strategy to prioritize development of advanced driver assistance systems as a path to fully autonomous personal vehicles. The company also said it will no longer fund development work for Cruise's robotaxi business.

1. 01

   GM said it will realign its autonomous driving strategy to prioritize development of advanced driver assistance systems as a path to fully autonomous personal vehicles. The company also said it will no longer fund development work for Cruise's robotaxi business.

2. 02

   General Motors said it plans to combine majority-owned Cruise LLC and GM technical teams into a single effort to advance autonomous and assisted driving. The company said Super Cruise is offered on more than 20 GM vehicle models and is logging over 10 million miles per month.

3. 03

   The company said it owns about 90% of Cruise and that agreements with other shareholders will raise its ownership to more than 97%. It said it will pursue the acquisition of the remaining shares.

4. 04

   GM said it will restructure and refocus Cruise's operations with Cruise's leadership team, contingent on the repurchase of the remaining shares and Cruise board approval. The company expects the plan, once completed, to lower annual spending by more than $1 billion, with completion expected in the first half of 2025.

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Original filing

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