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GM expects to save up to $1 billion on Cruise costs
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair Mary Barra said Tuesday during
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair Mary Barra said Tuesday during the company’s earnings call. “GM has proposed a restructuring plan that will refocus our autonomous driving strategy on personal vehicles,” Barra said, adding the company expects to see a run rate savings of about $1 billion on an annualized basis by ending robotaxi development GM reported Tuesday a$2.9 billion loss for the fourth quarter of 2024, results driven by charges related to ending robotaxi development as well as costs associated with restructuring its China operations.
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