Image: CarExpert
Image: CarExpert
AutoExec Summary
General Motors (GM) has cut Cruise’s budget by US$1 billion following mishandling of a pedestrian collision and regulatory dealings. Cruise’s permit was revoked by California’s DMV, leading to the suspension of all operations. Despite losing over US$8 billion, GM plans to “refocus and relaunch Cruise”. Nine executives have been fired and co-founders Dan Kan and Kyle Vogt resigned.
Brands mentioned: General Motors (GM), Cruise,
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