gm robotaxi: GM to cut spending by $1 billion on robotaxi unit Cruise in 2024
General Motors is cutting spending by about $1 billion on its troubled robotaxi unit Cruise in 2024. Last week, Cruise disclosed probes by the U.S. Justice Department and the Securities and Exchange Commission stemming from an October 2 accident in San Francisco. GM CEO Mary Barra said the company will "refocus and relaunch Cruise" and will soon disclose a timetable for resuming operations.
Source: indiatimes.com