Normal Motors Co’s robotaxi unit Cruise is focusing on cutting prices this calendar year, a prime executive said on Monday, as mounting losses in the autonomous car firms have sparked trader problems and forced some to shut shop.

At Cruise, Common Motors burned as a result of just about $2 billion previous 12 months. West did not give facts of investing estimates this 12 months.

Thoroughly autonomous motor vehicles have not rolled out as quickly as initially predicted owing primarily to cumbersome polices, security investigations and arduous know-how.

Ford Motor Co and Volkswagen AG very last fall declared they would shutter their Argo AI self-driving unit and concentrate on driver-aid technological innovation that furnished more speedy returns.

Cruise’s rival and Alphabet Inc’s self-driving engineering device, Waymo, has this yr laid off around 8% of its workforce.

Cruise, which gives a restricted service in San Francisco with a small fleet of Chevrolet Bolt fitted with driverless know-how, has accrued a little above a million driverless miles, West claimed.

The organization is also establishing a absolutely autonomous motor vehicle termed Origin from scratch devoid of a steering wheel and with subway-like doorways for rideshare and deliveries.

West claimed Origin was in the remaining phases of certification and completely ready for entire-scale production, calling it a “significant unlock” for the firm this yr.

Most of the boundaries to entry, including technological problems and regulatory clearances, are envisioned to be solved in 2023, encouraging the business broaden and increase quickly, West mentioned.

“This is a seriously pivotal 12 months for us that will seriously transform not just Cruise but the full notion of autonomous motor vehicles.”