© Reuters. Normal Motors chair and chief govt officer Mary Barra participates in an Financial Membership of Washington dialogue on “the transformation of the automotive business to an all-electric future, the trail to autonomous autos, and the current negotiations
(Reuters) – Normal Motors (NYSE:) Chief Govt Mary Barra stated on Thursday that the automaker was taking a look at the very best path to unlock worth at its self-driving unit Cruise.
Shares of GM rose about 2%.
Cruise is an “extremely helpful asset”, Barra stated at an occasion hosted by Wolfe Analysis.
The Detroit automaker will concentrate on relaunching the unit this 12 months, she added whereas reiterating her help for the unit.
Barra’s feedback come one month after GM stated it could lower spending by about $1 billion on the money-losing robotaxi unit in 2024. It had stated earlier in December that it could slash 24% of its workforce at Cruise.
“As we get additional alongside, (Cruise) goes to be an enormous alternative from a private autonomous automobile perspective,” Barra stated.
GM can also be navigating regulatory scrutiny after considered one of automated autos designed by Cruise hit a pedestrian final 12 months.