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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…