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competitive robotaxi marketCNBC
•Technology
Technology
74% Informative
General Motors will no longer fund robotaxi development of its Cruise division, the company said on Tuesday .
The automaker cited the increasingly competitive market, capital allocation priorities and the considerable time and resources necessary to grow the business as reasons for its decision.
GM said it plans to instead "realign its autonomous driving strategy" to focus on advanced driver assistance systems and autonomous systems for use in personal vehicles.
VR Score
78
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80
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72
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