Even with most of its autonomous vehicle fleet on ice, Cruise is still bleeding cash. The robotaxi company that is a wholly owned subsidiary of General Motors lost $435 million in the third quarter of 2024, GM reported this morning. That’s an improvement from the $791 million lost in the third quarter of 2023.

It’s an instructive moment to check in with Cruise, because the company has been on hiatus since October 27, 2023, weeks after one of its driverless vehicles in San Francisco