General Motors Pulls the Plug on its Robotaxi Efforts

General Motors (GM) has announced that it is discontinuing its robotaxi project. The company had been working on developing self-driving technology for its Cruise division, but has now decided to focus on other areas of innovation. This decision comes after the company reported that its shareholders have earned a 49% return over the last year. GM's move to pull out of the robotaxi market may come as a surprise to some, but the company believes it is the right decision for its long-term growth strategy. With this announcement, investors may want to consider seeking professional advice from Stocks Prognosis to forecast the movement of GM's stock in the coming months.