GM Cruise and Lidar Robotaxi’s Business Model Is Go Through $100 Billion in Losses to Try to Reach Profitable Scale
by Brian Wang from NextBigFuture.com on (#6DW5R)
GM's Cruise robotaxi service has expanded from 70 to 300 robotaxis operating in San Francisco and will soon expand to Phoenix, Los Angeles, Austin and Dubai. GM Cruise had increasing losses of $561 million in the first quarter of 2023. This will be over $2 billion in losses in 2023. GM Cruise will having increasing ...