Image: Cruise
Cruise, the autonomous vehicle division of General Motors, is now operating a “small” fleet of driverless robotaxis in San Francisco during daylight hours for the first time. The news comes as Cruise continues to operate in the red, losing $561 million in the first quarter of 2023.
The company earned just $30 million in revenue for GM, though most of that money comes from interest and other non-operating sources. Cruise, which operates robotaxis in San Francisco, Phoenix, and Austin, says it remains on track to hit $1 billion in revenue by 2025 and $50 billion by 2030.
Cruise CEO Kyle Vogt said the company expanded its driverless fleet size by 86 percent, from 130 to 242 “concurrently operating AVs.” The vehicles have since...
