GM’s Cruise robotaxi business has lost almost $5 billion since 2018
General Motors’ robotaxi unit, Cruise, is burning cash — quite a lot of it. As indicated by GM in its quarterly earnings report, the company lost $500 million on Cruise during the second quarter. That’s about $5 million a day. GM’s expenses on Cruise appear to be increasing, especially as the company starts charging for … Continue reading GM’s Cruise robotaxi business has lost almost $5 billion since 2018
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