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By Nora Eckert and David Shepardson DETROIT (Reuters) – General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker’s decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030. The largest U.S. automaker on Tuesday pulled the plug on Cruise after evaluating the continued investments needed in a competitive space, executives said, adding they intend to fold some of Cruise’s talent into GM to continue development of driver assistance systems. “We consider the news a step in the right direction for GM, as we think investors were losing patience with its hefty spending (~$10B) related to robotaxi development with very little to show for its investment,” Garrett Nelson, analyst at CFRA Research wrote. GM shares jumped 3% after-hours on Tuesday immediately after the announcement, but gave back those gains during Wednesday’s regular session and were down about 1% in late afternoon. Nelson said the announcement was “a black eye for the credibility of GM management that, as recently as last year, told investors the Cruise business could generate $50 billion in annual revenue by 2030.” For the year to date, GM has far outpaced its competitors. Its stock is up 45% for 2024, while Ford’s is down 14% and Stellantis is down 37%. GM CEO Mary Barra was already scheduled to speak with reporters Wednesday evening. She will likely face questions on cost-cutting moves the automaker is taking as it navigates turbulence in EV demand, changing technology and a new presidential administration. “This is the latest in the series of decisions that GM has announced which underscore our focus on having the right technology for the future of our company and the industry and reflects our commitment to execute with speed and efficiency,” Barra told analysts Tuesday. GM recently scaled back plans for electric vehicles, sold a stake in one of its joint venture battery plants and recorded a $5 billion loss on its China business as it restructures. GM is now doubling down on its core business: making gasoline-powered pickup trucks and other large vehicles. Cruise’s competitors – including Alphabet’s Waymo, Baidu and Tesla – are well funded, and may have better technology, analysts said. Waymo, which is expanding its autonomous ride-hailing services, is still losing billions of dollars per year. Barclays noted Alphabet, which has over $100 billion in earnings annually, can absorb costs associated with Waymo’s development. GM, however, is expected to record earnings of $14 billion to $15 billion for 2024. “It’s clear from Waymo that an AV robotaxi business is best owned by an entity with deep pockets,” Barclays said. (Reporting by Nora Eckert and David Shepardson; Editing by David Gregorio) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );Fugitive dog gains fame in New Orleans eluding dart guns and netsphmacao legit 。

Wisconsin faces its first losing season in 23 years and the end of a bowl streak when the Badgers host arch-rival Minnesota on Friday in the annual Big Ten battle for Paul Bunyan's Axe. Minnesota (6-5, 4-4) lost to No. 4 Penn State 26-25. Wisconsin (5-6, 3-5 Big Ten) lost its fourth straight, 44-25, at Nebraska in a game that was not as close as the score. "Well 1890 is the first time we played this football team coming up and this is what it's all about," Minnesota coach P.J. Fleck said of the rivalry. "And you wouldn't want to have it any other way, being able to end the season with one of your biggest rivals. I know our guys will be ready to go, ready to play." Wisconsin has 22 consecutive winning seasons since going 5-7 under Barry Alvarez in 2001, the longest active streak among Power 4 teams. The Badgers also have played in a bowl game in each of the last 22 seasons, the longest active streak in the Big Ten and third-longest in FBS. Wisconsin coach Luke Fickell is more concerned with the rivalry game than the winning season and bowl streaks. "I'm not downplaying it, I'm not saying it's not important, I'm not saying it's another thing that's on our plate," Fickell said Monday. "But when it gets down to this last week, it's about one thing, it's about the rivalry. It's about preparing to play in the most important game of the year." The Gophers have dropped their last two games after winning four in a row. Minnesota averages 26.6 points per game, while allowing 18.5, 15th-best in the country. Max Brosmer has completed 67 percent of his passes for 221 per game with 15 touchdowns and five interceptions. Daniel Jackson is the top target with 69 catches for 802 yards and three scores, and Darius Taylor is the top rusher with 730 yards at 4.8 per carry with nine touchdowns. One week after leading Oregon after three quarters, the Wisconsin defense was shredded for 473 yards and five touchdowns by Nebraska. Braedyn Locke, who took over at quarterback when Tyler Van Dyke suffered an early season-ending knee injury, has thrown at least one interception in eight consecutive games. Locke has completed 56.4 percent of his passes for 180.6 yards per game, with 12 touchdowns and 10 picks. Tawee Walker is the leading rusher with 828 yards at 4.7 per carry with 10 touchdowns. He has failed to reach 60 yards in three of the last four games. Former Wisconsin and NFL standout JJ Watt posted on social media his assessment - and frustration - with the Badgers after the Nebraska game. "Losing happens, it's part of the game. Hearing announcers talk about how much tougher and more physical Nebraska & Iowa are while getting blown out ... that's the issue," Watt wrote on X. "We are Wisconsin. Physicality, running game, great O-Line and great defense. That is our identity." Wisconsin defeated the Gophers 28-14 last after Minnesota had won the previous two meetings. The Badgers have won 7 of the last 10 and lead the storied series 63-62-8. --Field Level Media

ESTERO, Fla. (AP) — Kennard Davis' 15 points helped Southern Illinois defeat Florida Tech 81-54 on Wednesday. Davis shot 6 for 13, including 1 for 5 from beyond the arc for the Salukis (3-5). Jarrett Hensley added 14 points while going 6 of 9 (2 for 4 from 3-point range) and he also had six rebounds. Sheridan Sharp finished 5 of 6 from the floor to finish with 12 points. The Panthers were led in scoring by Donovan Brown, who finished with 17 points. Elhadji Thiam added 14 points, six rebounds and two steals for Florida Tech. Max Polk finished with 14 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Wearable Devices Ltd. Announces Closing of $1.85 Million Registered Direct Offering and Concurrent Private PlacementNEWARK, N.J. — The Blackhawks ’ top prospect forward, top prospect goalie, one of two top prospect defensemen and best prospect-developing coach have all joined the big club in just over a week. In a season billed as somewhat of a gap year between the tear-down portion of the rebuild and the youth movement to come, the Hawks’ promising future has quickly become much more tangible and present. Frank Nazar’s NHL call-up Friday provided the biggest jolt of excitement yet. The 20-year-old forward will make his NHL season debut Saturday against the Devils, then make his second career regular-season appearance at the United Center on Sunday against the Islanders. Goalie Drew Commesso should make his first career NHL start in one of those two games, and a lineup featuring Nazar, Connor Bedard, Lukas Reichel, Kevin Korchinski, Alex Vlasic, Wyatt Kaiser and Nolan Allan will skate in front of him. This Hawks roster still features a lot of veteran placeholders of little relevance to the future, but interim coach Anders Sorensen’s arsenal of young players is nonetheless expanding rapidly. For Nazar, the call he had been waiting months for finally came last night from Rockford general manager Mark Bernard, who told him to hop on a plane to Newark. “It was a really exciting moment,” Nazar said. “I was shocked. [When] you get a random call at night from the GM, you can kind of expect what he’s gonna say, but you never know. When I heard the good news, it was a lot of joy.” Hawks GM Kyle Davidson’s decision to send Nazar to the AHL at the end of training camp has proven definitively to be the right move. The Michigan product dominated there, racking up 24 points in 21 games — tops among rookies and sixth overall in the AHL — while accumulating a tremendous stockpile of confidence. Nazar talked Friday about how “growing up, the only thing you think of is just scoring goals,” and he got to do that over and over again. He also made countless additional dazzling plays that didn’t lead to points. His defensive reliability is another strength — and a contrast to most rookies, including Bedard last year. He substantially reduced the difference between his best and worst shifts thanks to a mental checklist he created to remind himself to always keep his feet moving and think on the fly. His challenge now is to transfer all of that confidence and playmaking skill into the NHL, where he tallied one point in three solid outings at the very end of last season. His success doing so might determine whether he stays with the Hawks for good or returns to Rockford after an educational NHL stint. If the latter happens, it shouldn’t be interpreted as a step back; a scout recently mentioned that could actually be the best outcome for his long-term development. “It’s an adjustment to come up mid-season and mid-road trip with a team that’s trying to work through a lot of stuff, but it’s our job to help him through that,” forward Taylor Hall said. “The biggest things we [will] look for from him are energy, compete and enthusiasm. That’s what, as a young player, you’re required to show.” Nazar immediately slides in as the second-line center between Hall and Tyler Bertuzzi (who has finally found his rhythm this week) and as a part of the top power-play unit. Sorensen, a key catalyst in Nazar’s development in Rockford, advised him to “trust his instincts” as he jumps in head-first. “The numbers he’s put up in the AHL, those are really good,” Hall added. “Hopefully he can contribute and play well and help us win, because we’re in need of wins. Obviously he has a relationship with Anders, and Anders is comfortable enough to put him in that spot, so we’re excited.”