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General Motors had a head start in the electric vehicle market but it is now playing catch-up to Tesla © FT montage; AFP, Getty
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General Motors has announced that it will stop funding the development of the Cruise self-driving taxi. The company says it will now"refocus autonomous driving development on personal vehicles".
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Learn about the portfolio of GM brands, including Chevrolet, Buick, GMC, Cadillac, ACDelco, OnStar, Ultium, GM Financial and more.
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A General Motors booth at Shanghai’s auto show. G.M.’s joint venture in China was created in 1997 and made considerable profits for many years.
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General Motors took a majority shareholding in the German brand in 1929 and bought it outright two years later. Opel would later become the centrepiece of GM Europe.
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Get all of the latest GM News. Learn about General Motors Vehicle Brands, Design, Culture and Technologies, including EVs, Autonomy, Motorsports and Software.
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General Motors confirmed that Michael's father Mario, the 1978 F1 world champion, remained involved in the project and would serve as a director on the team's board.
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