In a bid to streamline its operations and improve cost efficiency, General Motors (GM) has announced its decision to slash spending by a staggering $1 billion on its self-driving car unit, Cruise, in 2024. This move comes as GM aims to prioritize profitability and focus its resources on its core business areas.
The decision to reduce spending on Cruise, which has been at the forefront of GM's autonomous driving efforts, underscores the company's commitment to achieving long-term financial sustainability. By lowering its investment in the robotaxi unit, GM aims to reach a crucial milestone in its quest to deliver autonomous vehicles to the market.
