GM's Cruise Eyes Year-End Return for Driverless Vehicles Amid Losses
General Motors is working to resume its autonomous vehicle operations despite financial setbacks and regulatory challenges.
- Cruise, GM's autonomous vehicle unit, has resumed limited driverless testing in Houston with safety drivers still present in passenger seats.
- The company halted operations last year following a serious accident in San Francisco, which led to increased regulatory scrutiny.
- GM reported a $435 million loss for Cruise in Q3 2024, an improvement from the $791 million loss in the same period the previous year.
- CEO Mary Barra emphasized the company's commitment to autonomous vehicles, focusing on improving technology and cost efficiency.
- GM plans to explore partnerships to support Cruise's funding model, aiming to manage investments more effectively.