GM is laying off roughly 1,000 employees at its Cruise autonomous vehicle unit, cutting nearly 50% of its workforce.

SOUTHFIELD, Mich. - Lear Corporation (NYSE: NYSE:LEA), a global leader in automotive technology with annual revenues exceeding $23 billion, has announced an integration with General Motors (NYSE:GM) ...

Plus Elon Musk’s politics are putting buyers off in Europe and General Motors slashed 1,000 jobs from its autonomous Cruise ...

GM is aiming to restore its profitability in the Chinese market in 2025 after facing three consecutive quarters of losses and ...

Cruise announced massive layoffs as it shifts away from robotaxis, leaving Tesla and Waymo as the sole contenders in the ...

Cruise, the autonomous vehicle company owned by General Motors, will cut approximately 50% of its staff following its parent ...

GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...

General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months ...

The layoffs come two months after GM announced it will focus on developing Cruise's autonomous tech for personal cars, rather ...

In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...

GM completes its acquisition of Cruise, which means a brutal 50% reduction in workforce. Those remaining will work on ...

We calculate that at year-end 2024, GM had automotive net cash excluding legacy obligations of $6.0 billion, or $5.72 per diluted share. Per the 10-K, global pension contributions in 2025 are expected ...