Get the latest tech news
GM pumps $850 million in Cruise to keep struggling robotaxi company afloat
The company is slowly resuming operations.
GM chief financial officer Paul Jacobson announced the investment onstage at Deutsche Bank’s Global Auto Industry Conference in New York City today. Cruise was a big money loser for GM, even prior to the incident last year in which one of its driverless vehicles dragged a pedestrian 20 feet in San Francisco after she was struck by a hit-and-run driver. The company hired two outside law firms to review its safety protocols and determine whether Cruise purposefully withheld video footage from the California DMV of its driverless vehicle dragging the hit-and-run victim to the side of the road.
Or read this on The Verge
