GM's Cruise robotaxi unit drives deeper into the red

By Joseph White

Technology
Wednesday, 27 Jul 2022
12:44 AM MYT

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FILE PHOTO: The Cruise Origin autonomous vehicle, a Honda and General Motors self-driving car partnership, is seen during its unveiling in San Francisco, California, U.S. January 21, 2020. REUTERS/Stephen Lam

DETROIT (Reuters) - General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.

GM said on Tuesday it lost $500 million on Cruise during the second quarter - more than $5 million a day - as it began charging for rides in a limited area of San Francisco.

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-CWGI	0.130	0.135	0.120	0.130	-0.015	-10.34	1,467,523
HSI-PWHI	0.185	0.200	0.180	0.180	0.005	2.86	1,408,420
HSI-CWGS	0.110	0.110	0.095	0.105	-0.010	-8.70	721,108
NEXG	0.530	0.535	0.525	0.530	0.000	0.00	702,835
HSI-CWGX	0.210	0.215	0.195	0.210	-0.010	-4.55	665,731
HSI-PWH2	0.150	0.155	0.145	0.145	0.000	0.00	561,456
HSI-PWHV	0.170	0.185	0.165	0.170	0.010	6.25	529,674
PHARMA	0.170	0.170	0.155	0.160	-0.020	-11.11	387,025
TANCO	0.925	0.925	0.825	0.835	-0.090	-9.73	263,485
SFPTECH	0.180	0.185	0.165	0.165	-0.020	-10.81	142,093
YTLPOWR-C77	0.045	0.045	0.040	0.045	-0.005	-10.00	141,122
PTRANS	0.700	0.700	0.690	0.695	-0.005	-0.71	136,695
TWL	0.025	0.025	0.025	0.025	0.000	0.00	128,164
HSI-PWJF	0.140	0.145	0.135	0.135	0.005	3.85	118,831
ICENTS	0.340	0.365	0.340	0.360	0.025	7.46	114,927

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