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Comment by rmason | Hacker News Reader

Further proof that General Motors is run the finance types, not car guys.

Wonder if they'd sell Cruise back to the founders for say a buck? Sure Cruise could then cut a deal with another auto maker. Maybe even get financing from one?

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Cruise burn rate was to the tune of 1B a year as reported by GM. Needs to be someone with very deep pockets to put it mildly

GM is is making 12 billion a year of profit though. It seems like madness to cut Cruise unless there is no hope of it ever working or making a profit… The only U.S. competitor besides Waymo that’s seemingly remotely in the ballpark is Zoox.

Oh believe me i agree. As a former Cruise employee (i left in 2019) it’s incredible to me how they went almost all the way only to get it gutted like that

"Almost all the way" is fairly far fetched when taking a candid look at the landscape for Cruise.

Even Waymo has external investors. It’s not all funded by Alphabet.

Cruise had that too - i think 2B from Honda

Honda said its total investment in Cruise was $852 million.

https://www.cnbc.com/2024/12/10/gm-halts-funding-of-robotaxi...

GM’s current annual expenditure on Cruise amounted to about $2 billion, and the restructuring would cut that by more than half, CFO Paul Jacobson said.

https://www.cnbc.com/2024/12/10/gm-halts-funding-of-robotaxi...

Surely the car guys are actually fans of driving?

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