General Motors’ self-driving vehicle unit Cruise’s income-expenditure balance has deteriorated in the first quarter of 2022.
The company’s expenses reached $550 million this year, up from $332 million in the same quarter last year.
General Motors’ self-driving vehicle unit Cruise ‘s income-expenditure balance was announced to deteriorate. The company’s expenses reached $550 million this year, from $332 million in the first quarter of last year . It was stated that the most important thing affecting this situation was the 40% decrease in profits of the umbrella company General Motors due to the shortage of semiconductors and the problems the company had in its supply chain. Another reason was said to be launching the robotaxis service in San Francisco.
The company opened its robotaxis service to everyone in San Francisco last February. A public waiting list was created via Cruise’s website to take advantage of the service, which was initially provided free of charge. In June, it was announced that Cruise had received permission from the California Public Utilities Commission (CPUC) to charge fees for fully driverless cruises.
Earlier this week, Cruise came to the fore with the news that it had begun mapping the streets of Dubai . The company, which started preparations for the robotaxis service here in April last year, announced that it sent two electric autonomous vehicles to Dubai for mapping. This was said to be part of the project called the “Self-Managed Transport Strategy”. It was stated that Dubai plans to scale this project with 4,000 vehicles by 2030. Supported by SoftBank Vision Fund, Microsoft and Honda, Cruise has also been announced as Dubai’s exclusive robotaxis provider by 2029.
Also last February, the company expanded its autonomous delivery network to Walmart in Arizona. This year, they announced that they plan to grow rapidly across the USA. Cruise is known to have a small fleet of electric autonomous Chevy Bolts in Arizona with Walmart.