Microsoft Corp. plans to take an $800 million charge after General Motors Co. said it was shutting down its autonomous taxi initiative.

General Motors Co.’s Cruise self-driving car unit will exit the robotaxi business, a retreat from a market that proved costly and full of reputational pitfalls for the automaker.

DETROIT — The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in Q4.

DETROIT — General Motors is adding over 132,000 heavy-duty pickups to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.

WARREN, Mich. — General Motors Co. has developed a software-testing lab inside its Global Technical Center to prevent bugs from entering new vehicles and affecting customers.

This smaller recall from GM comes three years after a larger callback of the all-electric Chevrolet Bolt for a similar hazard.

“Just as mandates and regulations start to bite, the timing is not necessarily lining up very well, in that the purchase incentive support comes off,” GM Canada's president said. 

DETROIT — U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.

GM will commit $625 million toward what’s likely to be one of the biggest U.S. lithium mines, reinforcing the automaker’s efforts to secure domestic supply of the battery metal critical for EVs.

The enforcement action stems from an October 2023 incident in San Francisco in which a Cruise robotaxi dragged a pedestrian about 20 feet before coming to a complete stop.