General Motors announced plans to substantially lower spending on its self-driving Cruise cars after an accident involving one of its robotaxis last month. The company's CEO, Mary T. Barra, stated that the pace of Cruise's expansion will be more deliberate, resulting in substantially lower spending in 2024. G.M. had been planning to roll out a ride service in San Francisco and three other cities but now plans to focus on only one city. Key figures have departed Cruise amid robotaxi incidents, and the parent company, General Motors, will cut spending on Cruise by hundreds of millions of dollars in 2024.
General Motors to Slash Spending on Robotaxis After Disastrous Year https://t.co/Y2peVu28sG
G.M. had been planning to roll out a ride service in San Francisco and three other cities and begin testing Cruise vehicles on the streets of several other markets. It now plans to focus on only one city. https://t.co/r5i2aLjFNj
“We expect the pace of Cruise’s expansion to be more deliberate when operations resume, resulting in substantially lower spending in 2024 than in 2023,” G.M.’s chief executive, Mary T. Barra, said. https://t.co/593whIvLY0
More bad news for San Francisco-based robotaxi company Cruise. Its parent company General Motors announced Wednesday plans to cut spending on Cruise by hundreds of millions of dollars in 2024. https://t.co/BUZUjoleiY
Breaking News: General Motors will substantially lower spending on autonomous vehicle efforts after accidents with its Cruise self-driving taxis. https://t.co/UWbQ223WZ7
Key figures depart Cruise amid robotaxi incidents https://t.co/yFxN4y6KWd #RobotaxiIndustry #IoTJobs #AutonomousVehicles
BREAKING: General Motors said it will scale back ambitions for its self-driving Cruise cars after an accident involving one of its robotaxis last month. https://t.co/gp7Txc7k5B
General Motors said it will scale back ambitions for its self-driving Cruise cars after an accident involving one of its robotaxis last month https://t.co/NIu2KroSfU
Better transparency and tighter rules could improve public trust in self-driving cars amid safety concerns involving Cruise robotaxis, experts said. https://t.co/9nODWykCUc
This smart stoplight prototype could be the basis of AI-improved traffic control, where the lights themselves observe riders and correspondingly adjust their signals https://t.co/0Bk8F7Rfeh