Published 8 months ago

GM Slashes Spending on Robotaxi Unit Cruise, in Setback For Driverless Cars

General Motors plans to significantly reduce spending at its self-driving unit, Cruise, which is expected to result in layoffs.
Cruise has temporarily halted all of its driverless operations in multiple locations following a pedestrian injury incident.
GM aims to refocus Cruise on safety, transparency, and accountability, relying on two independent safety and incident reviews.

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GM to cut spending on Cruise after accident

:General Motors is to scale back spending on its self-driving unit Cruise after a pedestrian accident last month, Financial Times reported on Tuesday.GM and Cruise did not immediately respond to Reuters' request for a comment.In October, one of Cruise's driverless cabs was not able to stop in time from

8 months ago·Singapore

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Benzinga

GM Reportedly Tightens Purse Strings On Self-Driving Unit Cruise, Raising Concerns Over Long-Term Revenue

GM is expected to reveal the scale of its curtailed investment in the autonomous driving technology on Wednesday, Financial Times reported.

8 months ago·New York, United States

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Digital Trends

GM to cut funding for driverless startup Cruise, report says

General Motors will reportedly slash funding for robotaxi startup Cruise, which has suspended road tests of its vehicles after a number of troubling incidents.

8 months ago·United States

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TechCrunch

GM to slash spending at Cruise by 'hundreds of millions of dollars'

GM Chair and CEO Mary Barra said the company is committed to self-driving vehicle company Cruise, but spending cuts are coming.

8 months ago·United States

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SF Chronicle

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8 months ago·S F, United States

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Zero Hedge

GM To Slash Spending On Self-Driving Cruise Unit

GM To Slash Spending On Self-Driving Cruise Unit After a pedestrian accident last month that led the company to suspend its testing - and drew with it a fresh round of government scrutiny - GM is cutting back its investment in its Cruise autonomous driving segment. The division, which had previously operated under the motto "zero crashes, zero emissions, zero congestion," will detail this week how much it plans on cutting its budget, according …

8 months ago·United States

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