Discontinued — last reported Q3 '23
Cruise — Cash & Equivalents
General Motors Cruise — Cash & Equivalents decreased by 21.1% to $1.50B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 11.8%, from $1.70B to $1.50B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved liquidity and capacity to fund ongoing R&D or operational scaling, while a decrease may indicate high cash burn rates or a need for external capital infusion.
Detailed definition
This metric represents the total value of highly liquid assets held specifically by the autonomous vehicle business unit...
Peer comparison
Similar to cash reserves held by standalone autonomous driving or technology-focused subsidiaries in the automotive or robotics sectors.
gm_segment_cruise_cash_and_cash_equivalentsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.80B | $1.80B | $1.60B | $2.60B | $1.80B | $1.70B | $1.50B | $1.90B | $1.90B | $1.50B |
| QoQ Change | — | +0.0% | -11.1% | +62.5% | -30.8% | -5.6% | -11.8% | +26.7% | +0.0% | -21.1% |
| YoY Change | — | — | — | — | +0.0% | -5.6% | -6.3% | -26.9% | +5.6% | -11.8% |
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Frequently Asked Questions
- What is General Motors's cruise — cash & equivalents?
- General Motors (GM) reported cruise — cash & equivalents of $1.50B in Q3 2023.
- How has General Motors's cruise — cash & equivalents changed year-over-year?
- General Motors's cruise — cash & equivalents decreased by 11.8% year-over-year, from $1.70B to $1.50B.
- What does cruise — cash & equivalents mean?
- The total amount of cash and highly liquid assets held by the autonomous vehicle division.