The company, founded in 2013, has raised over $15 billion in funding, with GM providing more than half of that amount since acquiring the company in 2016. Despite facing a crisis last year, including an incident where a pedestrian was dragged by a driverless Cruise car, the company insists it will continue its work in the autonomous-vehicle sector, adopting a "slow and steady" approach.
Key takeaways:
- Cruise, the autonomous car company backed by General Motors, is restarting tests of its autonomous vehicles in Houston after a series of troubling incidents last year.
- General Motors is investing an additional $850 million in the robotaxi project.
- Initially, the autonomous systems in the cars will not be operational, indicating Cruise's cautious approach and desire to gauge the response of human drivers.
- Despite a crisis last year, Cruise has insisted it will continue its work in the autonomous-vehicle sector, with a new approach described as 'slow and steady'.