GM expects to save up to $1 billion on Cruise costs | TechCrunch
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair Mary Barra said Tuesday during the company’s earnings call.
The estimate comes nearly two months after the automaker said it would no longer fund Cruise, its self-driving subsidiary that aimed to commercialize robotaxis. “GM has proposed a restructuring plan that will refocus our autonomous driving strategy on personal vehicles,” Barra said, adding the company expects to see ...
Read more at techcrunch.com