Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



General Motors Co to Focus on Traditional Automobiles as it Pulls the Plug on Robotaxi Efforts

December 14, 2024
General Motors Co, commonly known as GM, has announced its decision to halt its robotaxi efforts. The company will now shift its focus towards the production of traditional automobiles. Despite the promising potential of self-driving vehicles, GM believes that investing further in autonomous technology would not be a financially viable option at this time.
The decision to discontinue the robotaxi project comes after extensive research and evaluation. GM recognizes the challenges and complexities associated with autonomous vehicles, including regulatory issues and the need for substantial investment in infrastructure. The company believes that addressing these obstacles would require a significant amount of time and resources.
GM's decision is not surprising, as many other automotive manufacturers have faced similar setbacks in their autonomous driving endeavors. The shift in strategy allows GM to concentrate on its core business of manufacturing and selling traditional automobiles, where it has a proven track record of success.
It is worth noting that GM's stock price has remained stable despite the decision to halt robotaxi efforts. This can be attributed to the company's strong value as an automobile manufacturer and its ability to adapt to changing market conditions.
Investors interested in the forecasted movement of GM's stock price can seek advice from professionals at Stocks Prognosis, who possess expertise in analyzing market trends and providing valuable insights.
Overall, GM's decision to refocus its efforts on traditional automobiles demonstrates its commitment to sustainable growth and profitability. By capitalizing on its core competency, the company aims to maintain its position as a leader in the automotive industry.
If you want to leave a comment, then you need Login or Register





Other data for GM

Related data

GMAugust 26, 2025GENERAL MOTORS COMPANY Hits Price Target Forecast with 20.27% Profit Margin  ~1 min.

On July 22, 2025, QuantWave, an automated forecasting platform, issued a signal to take a long position on GENERAL MOTORS COMPANY stock at a price of $48.89....


GMAugust 22, 2025GENERAL MOTORS COMPANY Stock Hits Price Target, Generating 23.93% Profit  ~1 min.

QuantWave, an automated forecasting platform, recently achieved success with its price target forecast for GENERAL MOTORS COMPANY stock....


GMAugust 22, 2025GENERAL MOTORS COMPANY Stock Hits Price Target Forecast, Delivering 18.47% Profit for QuantWave Users  ~1 min.

On June 16, 2025, QuantWave, the automated forecasting platform, issued a long signal for GENERAL MOTORS COMPANY stock when it was trading at 49.27 $....


GMAugust 22, 2025GENERAL MOTORS COMPANY Stock Hits Price Target Forecast With 19.98% Profit  ~2 min.

On June 13, 2025, QuantWave, an automated forecasting platform, issued a price target forecast for GENERAL MOTORS COMPANY with a predicted direction of long when the stock was trading at $48.65....


GMAugust 19, 2025GENERAL MOTORS COMPANY Hits Price Target Forecast with 18.19% Profit, According to QuantWave  ~1 min.

In an exciting turn of events for investors, GENERAL MOTORS COMPANY has successfully achieved the price target forecast set by QuantWave, resulting in a substantial profit margin of 18.19%....


GMAugust 14, 2025GENERAL MOTORS COMPANY Stock Hits Price Target of 56.42 $ with a Profit of 16.24%  ~2 min.

As of August 14, 2025, GENERAL MOTORS COMPANY stock has successfully reached the price target of 56.42 $ as forecasted by QuantWave on May 23, 2025. This achievement represents a profit of 16....


GMAugust 14, 2025GENERAL MOTORS COMPANY Hits Price Target Forecast on QuantWave with 17.6% Profit  ~1 min.

On May 28, 2025, QuantWave, an automated forecasting platform, issued a long signal for GENERAL MOTORS COMPANY when the stock was trading at $47.98. The platform predicted a price target of $56....


GMAugust 14, 2025GENERAL MOTORS COMPANY Stock Hits QuantWave's Price Target, Resulting in 18.68% Profit  ~2 min.

On June 2, 2025, QuantWave, the automated forecasting platform, issued a signal for GENERAL MOTORS COMPANY stock with a long direction forecast at a price of 47.54 $....


GMAugust 13, 2025GENERAL MOTORS COMPANY Hits Price Target Forecast with Profit of 16.96%  ~2 min.

GENERAL MOTORS COMPANY has successfully reached the price target forecast set by QuantWave on June 4, 2025. The forecast indicated a long position at a price of 47.52 $, with the target price of 55....


GMAugust 13, 2025GENERAL MOTORS COMPANY Hits Price Target Forecast with 18.13% Profit, Confirms QuantWave's Accuracy  ~1 min.

GENERAL MOTORS COMPANY has recently reached the price target forecast set by QuantWave on 2025-03-27, signaling a long position at 47.05 $....


GMDecember 16, 2024General Motors to Focus on Core Business, Pulls Plug on Robotaxi Efforts  ~2 min.

General Motors Company (GM), a reputed automobile manufacturer, has announced that it will be discontinuing its robotaxi efforts....


STLAJanuary 1, 2025Stellantis N.V. STLA: Is This Automaker Poised to Dominate the EV Market?  ~2 min.

Stellantis N.V. (STLA), the multinational automotive company, is making waves in the electric vehicle (EV) market....


NSANYFebruary 5, 2025Nissan Motor Co. Ltd. Continues to Show Strong Performance in the Automobile Industry  ~2 min.

Nissan Motor Co. Ltd., a leading automobile manufacturer, has recently unveiled its impressive short interest update, further solidifying its position in the industry....


VOW3.DEJanuary 2, 2025Is Volkswagen AG VOW3.DE Revolutionizing the Automobile Industry?  ~2 min.

Volkswagen AG (VOW3.DE), the acclaimed German automobile manufacturer, has been making waves in the industry with its innovative approach to sustainable mobility....


FORDMarch 18, 2025Forward Industries Inc. Continues to Make Strides in the Automotive Industry  ~1 min.

Forward Industries Inc. (NASDAQ:FORD), a leading provider of advanced technology solutions, is making steady progress in the automotive industry....