General Motors Injects $850 Million Into Struggling Robotaxi Unit Cruise
GM has already lost over $8 billion on self-driving technology that led to a tragic incident in San Francisco.
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GM has already lost over $8 billion on self-driving technology that led to a tragic incident in San Francisco.
Cruise, the autonomous vehicle company backed by General Motors, has cautiously restarted its testing operations in Phoenix, Arizona, following a pedestrian-dragging incident in San Francisco that raised serious safety concerns.
Cruise has started laying off contingent workers after pausing all of it driverless operations and losing key commercial permits.
Cruise, the GM self-driving car subsidiary, has started laying off contingent workers after pausing all of it driverless operations and losing key commercial permits that allowed it to operate a robotaxi service in San Francisco. The company laid off Thursday contingent workers, people who were employed to support its driverless fleet. Not all contingent workers, who are employed by a third party, were laid off.
Cruise recently took the drastic move of grounding all of its driverless operations following a collision that injured a pedestrian in San Francisco.