Hyperdrive
GM-Backed Cruise Sees Robotaxi Unit Growing Past $50 Billion
- CEO Ammann to reveal fare plans at company presentation
- Self-driving car unit to run Origin on roads as soon as 2023
A volunteer loads bags of food into a Cruise self-driving training car in San Francisco. Cruise is majority-owned by GM.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
General Motors Co.’s Cruise LLC autonomous vehicle unit will tell investors this week that it sees a path for its ride-hailing business to reach $50 billion in revenue as it ramps up over the next couple of years, people familiar with the matter said. GM’s shares jumped the most in nearly three months.
Cruise Chief Executive Officer Dan Ammann is expected to say that the company plans to charge for rides as soon as next year and could expand in 2023 if Cruise gets the green light from California regulators.