GM reported to be cutting driverless subsidiary’s budget

General Motors is reported to be planning to reduce the amount it spends on its driverless vehicle division, Cruise.

The Financial Times reports it announce a cut in the budget after it suspended testing of its driverless taxis following a crash involving a pedestrian in San Francisco.

It says GM currently spends about $700 million a quarter on Cruise. 

Cruise’s co-founder and CEO Kyle Vogt stepped down after the suspension.

(Picture – Cruise)

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