Cruise
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Cruise lost $435 million this quarter, even with its robotaxis on hiatus
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…
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Uber teams up with Cruise to deliver more autonomous rides next year
Uber has signed up another robotaxi company to offer driverless rides inside its app. Starting sometime next year, for “qualifying” rides, Uber will give you the option to take the trip in one of Cruise’s autonomous vehicles. The two companies announced a “multiyear strategic partnership” on Thursday. Cruise halted its robotaxi service in October following an incident where a Cruise…
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