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RE: LeoThread 2024-07-23 11:13

in LeoFinance4 months ago

GM’s Cruise abandons Origin robotaxi, takes $583 million charge

GM’s self-driving car subsidiary Cruise is scrapping plans to build the Origin — a purpose-built robotaxi with no steering wheel or pedals

GM Chair and CEO Mary Barra told shareholders Tuesday the decision will “simplify their path to scale” and addresses the regulatory uncertainty faced with the Origin robotaxi because of its unique design. The per-unit costs will also be much lower, which will help Cruise optimize its resources, Barra said in the shareholder letter released alongside the company’s second-quarter earnings.

#newsonleo #gm #cruise #robotaxi #technology