(Boursier.com) — Cruise, unit of General Motors in autonomous vehicles, will cut spending this year, according to a senior executive quoted by Reuters. Growing losses from self-driving vehicle companies have raised concerns among investors, the agency said, which says GM “spent” nearly $2 billion on Cruise last year. “We will continue to review hardware, software – both in terms of component costs and quantity of components on the vehicle – and continue to reduce costs as we move forward,” Cruise’s chief operating officer said. , Gil West, during a technology conference, without quantifying the level of expenditure this year… Recall that Waymo, a competitor of Cruise and an Alphabet unit in autonomous driving technologies, reduced its workforce by 8% in 2023 .
Cruise offers limited service in San Francisco with a small fleet of Chevrolet Bolts equipped with driverless technology. The GM entity has clocked up just over a million driverless miles. Cruise is also developing a fully autonomous vehicle called Origin.
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