Cruise has lost $435 million in Q3 2024, showing improvement but still struggling financially after a serious incident halted their driverless services.
Investors may be somewhat relieved as GM has managed to reduce Cruise's financial losses, yet its billion-dollar deficits raise concerns about the project's viability.
GM's CEO Mary Barra's steadfast optimism for the future of autonomous vehicles contrasts with the skepticism from other automakers, who have withdrawn investments.
Despite Cruise's operational difficulties, GM continues to report detailed financial insights about its subsidiary, highlighting both the revenue generated and the continuing massive losses.
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