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GM to cut spending by $1 billion on robotaxi unit Cruise in 2024

General Motors said Tuesday it is cutting spending by about $1 billion on troubled robotaxi unit Cruise in 2024, but said it remains committed to the self-driving project. Last week,.

GM to halve spending on troubled robotaxi unit Cruise in 2024

DETROIT (Reuters) -General Motors said Tuesday it is cutting spending by about $1 billion on troubled robotaxi unit Cruise in 2024, but said it remains committed to the self-driving project. Last week, Cruise disclosed probes by the U.S. Justice Department and the Securities and Exchange Commission stemming from an Oct. 2 accident in San Francisco in which one of its robotaxis struck a pedestrian and dragged her 20 feet (6.1 m). Cruise and GM came under heavy criticism after the accident, and the California Department of Motor Vehicles revoked its permit to operate driverless vehicles.

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