The numbers on the project are not good. According to InsideEVs, the company's robotaxi unit has lost $5 billion in the last year.
In June, GM began charging for rides in the self-drive vehicles, which was partially to cover higher compensation costs to keep key staff on board. According to InsideEVs, Mary Barra is confident that Cruise will make $50 billion in profit by 2030.
The fleet is in San Francisco. The company has more than $3 billion in cash and a $5 billion credit facility that can be used to buy automated Cruise Origin EV.
The edge of the industry is where Cruise is located.
The company is being investigated by the National Highway Traffic Safety Administration. One day after the company got the go-ahead to go commercial, a Cruise accident resulted in minor injuries. A group of more than 10 Cruise vehicles blocked traffic after an unexplained technical issue. There were no injuries according to InsideEVs.
GM and Ford asked for permission to deploy vehicles without pedals and steering wheels. The request was reported by InsideEVs and it was said that the request was withdrawn in 2020.
It's not clear if GM will get the green light to release more self driving vehicles, but regulators should be careful.
A motorcyclist was killed by a car that was on autopilot.
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