Cruise lost $435 million this quarter, even with its robotaxis on hiatus
by Andrew J. Hawkins from The Verge - All Posts on (#6RNE2)
Photo by Tayfun Coskun/Anadolu via Getty Images Even with most of its autonomous vehicle fleet on ice, Cruise is still bleeding cash. The robotaxi company that is a wholly owned subsidiary of General Motors lost $435 million in the third quarter of 2024, GM reported this morning. That's an improvement from the $791 million lost in the third quarter of 2023.
It's an instructive moment to check in with Cruise, because the company has been on hiatus since October 27, 2023, weeks after one of its driverless vehicles in San Francisco struck and then dragged a pedestrian over 20 feet, severely injuring her.
Cruise has made small steps toward restarting its robotaxi service since then, with test vehicles on the roads in Arizona and Texas. It recently announced plans to deploy manually...