{"id":10921,"date":"2023-11-29T20:10:13","date_gmt":"2023-11-29T20:10:13","guid":{"rendered":"https:\/\/connectwithfund.com\/business\/gm-cuts-spending-on-cruise-self-driving-cars\/"},"modified":"2023-11-29T20:10:13","modified_gmt":"2023-11-29T20:10:13","slug":"gm-cuts-spending-on-cruise-self-driving-cars","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=10921","title":{"rendered":"GM cuts spending on Cruise self-driving cars"},"content":{"rendered":"<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjubzyh000q45oxdpkr9xno@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      General Motors announced Wednesday that it\u2019s cutting spending at its self-driving car unit, Cruise.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjx4mvv000i3b6hkmfom7dy@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      \u201cWe expect the pace of Cruise expansion to be more deliberate when operations resume and spending will be substantially lower in 2024 than it was in 2023,\u201d GM chief executive Mary Barra said during an investor event.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjx58dg000k3b6hjccsjwvz@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      GM had previously announced it intends to cut back Cruise\u2019s operations once the company restarts testing and ride hailing services.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjuds8e00033b6hepq4j14h@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      For now, Cruise has suspended its operations in the United States where it operates its driverless vehicles in various cities, mostly in southern states. Last month, the California Department of Motor Vehicles revoked Cruise\u2019s permits to give rides to the public in that state. The company had been giving rides in San Francisco.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjuokg800073b6hanw21th4@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The suspension resulted from charges that Cruise had withheld information and video regarding an incident in which a pedestrian was struck after being thrown into the Cruise car\u2019s path by another vehicle. The Cruise vehicle then pulled forward, dragging the person along pavement for 20 feet. Cruise denied that it had withheld any evidence or information.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjvkz7z000e3b6hem51p134@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Following<strong> <\/strong>the suspension, Cruise announced it was pausing its public operations throughout the US and, last week, Cruise chief executive Kyle Vogt resigned. The company\u2019s chief product officer, Dan Kan, left the company shortly after, according to Reuters.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjv2pt8000a3b6h6ko5bpm9@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      GM also earlier announced that it had stopped production of the Origin van, a purely driverless vehicle which has no driver\u2019s seat, steering wheel or pedals. Those vehicles had been used for testing, but GM had planned one day to deploy them on public streets. Cruise had been using modified Chevrolet Bolt EV vehicles which have controls for a human driver, although the cars are often sent on their own without a driver. (They are sometimes controlled remotely.)\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjx310t000g3b6hbpfdplum@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      GM announced last week that, whenever it resumed operations in the United States, it would be in only one city. Which city that will be, or when Cruise will re-start operations, has not been<strong> <\/strong>announced.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjx9eex000p3b6hpcdxn0gy@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The reduction in spending relates to the broad reigning in of production and operations for Cruise. However, Barra reiterated GM\u2019s commitment to autonomous vehicles.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clpjxbf3l000v3b6hkq53oemu@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      \u201cGM believes in the power of AVs to transform the future of mobility. We remain strongly committed to Cruise and are actively supporting the team as they refocus on trust, accountability and transparency,\u201d she said.\n  <\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnn.com\/2023\/11\/29\/business\/gm-cruise-self-driving-cars\/index.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Motors announced Wednesday that it\u2019s cutting spending at its self-driving car unit, Cruise. \u201cWe expect the pace of Cruise expansion to be more deliberate when operations resume and spending will be substantially lower in 2024 than it was in 2023,\u201d GM chief executive Mary Barra said during an investor event. GM had previously announced it intends to cut back Cruise\u2019s operations once the company restarts testing and ride hailing services. For now, Cruise has suspended its operations in the United States where it operates its driverless vehicles in various cities, mostly in southern states. Last month, the California Department<\/p>\n","protected":false},"author":1,"featured_media":8896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":["post-10921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GM cuts spending on Cruise self-driving cars | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"General Motors announced Wednesday that it\u2019s cutting spending at its self-driving car unit, Cruise. \u201cWe expect the pace of Cruise expansion to be more\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/connectwithfund.com\/?p=10921\" \/>\n<meta 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