General Motors(NYSE:GM) said on Tuesday that it will no longer fundCruise's robotaxi development but will instead combine the majority-owned unit into its technical teams, to the annoyance of Cruise co-founderKyle Vogt.

What Happened:The robotaxi development work needs considerable time and resources to scale, GM reasoned, while adding that the robotaxi market is getting increasingly competitive

"GM is committed to delivering the best driving experiences to our customers in a disciplined and capital efficient manner," saidMary Barra, chair and CEO of GM. "Cruise has been an early innovator in autonomy, and the...