GM to end investment in Cruise self-driving taxis

General Motors announced that it will stop investing in the development of self-driving taxis at its majority-owned but loss-making Cruise because of the fierce market competition and the considerable time and resources required to expand the business. GM has invested more than $10 billion in Cruise since 2016. Now, Cruise will be merged into a GM group that specializes in the research and development of driver assistance technology.