GM is cutting over 1,000 workers, equivalent to roughly 1.3% of its total workforce, from its software and services division.
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General Motors shares tumbled after the company said its driverless taxi division, Cruise, will suspend production of the Origin robotaxi.
The startup raised $30 million from Booz Allen Hamilton Ventures, NordicNinja and others.
The controversial enforcement actions have been called a “cash cow” by Commissioner Hester Peirce.
Wall Street ended 2024 on a high note, providing investors with a sigh of relief as we enter the new year.