General Motors (GM.US) announced it will exit its Cruise autonomous taxi program. After Uber (UBER.US), which had established a partnership with Cruise for autonomous taxis, saw its stock price drop 6% on Wednesday, it rebounded about 2% on Thursday. After three consecutive days of decline, Uber's stock price finally bounced back from earlier losses this week.

Uber's Chief Financial Officer Mahendra-Rajah stated that the company's viewpoint has not changed and still believes the introduction of autonomous vehicles is crucial for Uber's ongoing supply and corresponding growth.