Why GM’s Cruise division is bullish despite losing $5m a day

Currently reading: Why GM’s Cruise division is bullish despite losing $5m a day

Europe-bound General Motors’s autonomous driving arm lost $500m in Q2 2022, but bosses anticipate a turnaround

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GM CEO Mary Barra said in July that Cruise could eventually raise $50 billion per year

Cruise currently uses a fleet of adapted Chevrolet Bolt EVs but is also developing a bespoke robotaxi

Cruise Origin robotaxi is tipped to enter production next year

Rival Waymo can now operate its Jaguar I-Pace robotaxi without a driver in downtown Phoenix, Arizona



5 mins read

4 October 2022

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