GM reported to be cutting driverless subsidiary’s budget

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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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