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General Motors Scraps Autonomous Vehicle Project After Relaunch Failure

December 19, 2024
Reports have surfaced that General Motors (NYSE:GM) has decided to scrap its autonomous vehicle project, just months after relaunching in Houston. The company's autonomous vehicle subsidiary, Cruise, had high hopes for the project, but faced numerous setbacks and challenges in recent months. Despite the initial excitement and investment in the project, it seems that GM has made the difficult decision to abandon it altogether. This news comes as a surprise to many, as autonomous vehicles were believed to be the future of transportation. GM shareholders are now left wondering what this means for the company's future and whether they should continue to hold or sell their shares. To get a better understanding of the situation, it is recommended to consult professionals from Stocks Prognosis for a forecast of GM's stock movement.
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