The Verge – Cruise lost $435 million this quarter, even with its robotaxis on hiatus
The Verge reports that Cruise is still losing a tremendous amount of money even though it is not currently providing robotaxi service.
Robotaxi.news
Are robotaxis the future? Or instead, the past?
Robotaxi.news
Are robotaxis the future? Or instead, the past?
Cruise
Cruise will always be known as the robotaxi company to burn $15B to completely piss off both every resident of San Francisco and all of the government regulators…
Read MoreThe Verge – Cruise lost $435 million this quarter, even with its robotaxis on hiatus
Washington Post – Cruise to pay $1.5 million for hiding details of pedestrian-dragging crash
Washington Post reports on how the National Highway Traffic Safety Administration has fined Cruise $1.5 million for withholding key information from regulators.
SF Chronicle – Cruise restarts tests for driverless cars in Bay Area nearly a year after San Francisco accident
SF Chronicle reports that Cruise is gearing up for a return to the Bay Area. Note that they are not actually returning, but just "gearing up" to do so. If Cruise considers this feeble attempt newsworthy then they are indeed in deep trouble.
SF Examiner – Cruise, Waymo driving in opposite directions a year after watershed vote
SF Examiner reports on how Cruise has vanished from SF by their ineptitude, but that Waymo has continued to grow.
Bloomberg – Uber to Begin Offering Self-Driving Cruise Cars, Shares Fall
Bloomberg reports on an purported deal where Uber will offer Cruise robotaxi rides early 2025.
Cruise Q2 financials are much worse than presented
Michael Smith digs into the GM Q2 2024 financial returns and finds out that the financial situation of Cruise is far more precarious than presented.
NY Times – G.M. Will Restart Cruise Taxi Service
NY Times reports that Cruise has restarted operations in Dallas, Houston and Phoenix, though with human safety drivers. Article also reports that Cruise has lost $500 million for the first 6 months of 2024.
NY Times – Cruise, the Self-Driving Car Subsidiary of G.M., Names a New C.E.O.
NY Times reports that Cruise has hired a CEO and a Chief Legal Officer from the video game industry. They have also hired a Chief Communications and Marketing Officer.
SF Examiner – CPUC judge approves $112,500 settlement with Cruise over SF accident
SF Examiner reports that the CPUC approved the previously agreed to $112,500 fine for Cruise for withholding information. This paltry fine will of course not affect the behavior of Cruise since it is currently burning a billion dollars a year.
The Verge – GM pumps $850 million in Cruise to keep struggling robotaxi company afloat
The Verge reports that GM is dumping another $850 million into the dumpster fire that is Cruise. This is on top of the $8.2 billion they have already wasted. At year end they will have to make yet another decision on whether to burn even more money or to just close down the fiasco.
NY Times – The Very Slow Restart of G.M.’s Cruise Driverless Car Business
NY Times article on the difficulties Cruise is facing to restarting commercial robotaxi service. Given their many problems described in the article one has to assume that GM will dump Cruise sooner rather than later.
Washington Post – Major robotaxi firms face federal safety investigations after crashes
Washington Post reports that all of the major robotaxi companies are now under federal investigation for safety issues.
NBC Bay Area – School crossing guards say they’ve had to dodge driverless cars to avoid being hit
NBC Bay Area investigation finds that many San Francisco crossing guards have had scary "close calls" with robotaxis.
Fortune – In a single night, self-driving startup Cruise went from sizzling startup to cautionary tale. Here’s what really happened—and how GM is scrambling to save its $10B bet
A detailed article by Fortune on what has happened to Cruise since their October 2nd crash. Though it appears that Fortune still believes that GM will do what is needed to make Cruise successful, when it is actually quite clear that Cruise is doomed.
Washington Post – Cruise settles with person dragged under one of its robotaxis
Washington Post reports that Cruise settled with the severely injured person who was dragged by their robotaxi October 2nd, 2023. The settlement amount was between $8 million and $12 million, indicating severe and permanently disabling injuries inflicted due to their weak technology.
