GM to cut spending on robotaxi unit Cruise in half

General Motors announced Tuesday it will cut spending on its robotaxi unit Cruise in half, or by roughly $1 billion, in 2024 as it looks to refocus the unit after a pedestrian accident paused its driverless operations and several executives departed.  Last week, Cruise disclosed that the Justice Department and the Securities and Exchange Commission (SEC) are investigating the company after an October accident in which a Cruise robotaxi struck a pedestrian who had initially been hit by another vehicle in an ...