Now that Cruise is no longer operating a network of autonomous ride-hailing services, GM is winding down its staff while ...

GM is taking full ownership of GM Cruise Holdings LLC now that the Cruise Board of Directors has approved GM’s merger offer. Previously, General Motors owned about 90 percent of Cruise ...

About 88% of remaining employees are in engineering or related roles, and impacted employees were given 60 days’ notice.

GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology for personal vehicles.

that it has completed its acquisition of GM Cruise Holdings LLC following the approval of GM’s merger offer by the Cruise board of directors. Cruise is now a wholly-owned subsidiary of GM.

Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive technologies.

General Motors (GM) announced that it has completed its previously announced acquisition of GM Cruise Holdingsfollowing the approval of GM’s ...