Self driving26 Jul 2022 22:54
Is it really all that.....
GM's Cruise robotaxi unit drives deeper into the red
GM said it lost $500 million on Cruise during the second quarter - more than $5 million a day.
DETROIT -- General Motors has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.
GM said on Tuesday it lost $500 million on Cruise during the second quarter -- more than $5 million a day -- as it began charging for rides in a limited area of San Francisco.