General Motor Stock Lower After Ditching Robotaxi Unit
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General Motors Co (NYSE:GM) stock fell by 1.3% to $52.07 after the company announced it would stop funding its Cruise robotaxi unit.
December 11, 2024 | 8:30 pm
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General Motors' decision to stop funding its Cruise robotaxi unit led to a 1.3% drop in its stock price, reflecting investor concerns over the company's strategic shift.
The decision to stop funding the Cruise robotaxi unit suggests a strategic shift that may concern investors about GM's future in autonomous vehicles. This has led to a short-term negative impact on the stock price.
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