General Motors Co. CFO Paul Jacobson said on Tuesday the company will spend about $2 billion on its self-driving taxi fleet Cruise this year.
What Happened
The legacy automaker said it is just a permit away from being able to begin charging for rides.“Inclusive of the incremental stock compensation expenses, we expect full-year 2022 expenses at Cruise to be approximately $2 billion,” Jacobson told analysts on a post-earnings call.
