Photo: Andrej Sokolow/picture alliance via Getty Images
General Motors is investing $850 million in Cruise, the robotaxi and self-driving business it bought in 2016.
Why it matters: GM has decided it's pot committed, despite having lost over $8 billion on a business that was forced to stop on-street operations after one of its robotaxis hit a pedestrian last fall in San Francisco.
The big picture: The automaker's goal is to prove safety, including via the cautious reintroduction of its robotaxis in three markets, so that longer-term capital might hop a ride.
The bottom line: There's a lot of uncertainty about how big the robotaxi business will be, but GM is too far into Cruise to abandon the technology.
