GM expects to spend $2B on Cruise in 2022

GM expects to spend $2B on Cruise in 2022

2 years ago
Anonymous $xqL1ZTchGQ

https://techcrunch.com/2022/04/26/gm-expects-to-spend-2b-on-cruise-in-2022/

General Motors expects full-year 2022 expenses at Cruise, the automaker’s autonomous driving subsidiary, to be approximately $2 billion, according to GM’s chief financial officer Paul Jacobson.

GM has said it expects Cruise to bring in $50 billion in annual revenue by the end of the decade, so the spend for this year will support Cruise as it achieves more milestones and makes progress toward commercialization, the company says.