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Cruise on the chopping block.
General Motors’ willingness to lose a ton of money on self-driving cars is coming to an end, with the automaker planning to announce that it will slash spending on Cruise in a call on Wednesday. A pedestrian was seriously injured last month when a Cruise vehicle drug her 20 feet after a hit-and-run crash.
As I wrote last week, GM remained bullish on autonomous driving up until recently, even after its competitors reined in their own spending and scaled back their ambitions. Too bad it took a serious injury for GM to come to the same realization.
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