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.

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

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...