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News, Analysis & Perspective on Autonomous Vehicles

GM’s Cruise robotaxi unit drives deeper into the red

DETROIT, July 26 (Reuters) – General Motors Co (GM.N) has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker’s Cruise unit starts charging for rides, the losses are accelerating.

https://www.reuters.com/business/autos-transportation/gms-cruise-robotaxi-unit-drives-deeper-into-red-2022-07-26/

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