According to reports, the valuation of General Motors' autonomous driving subsidiary Cruise has shrunk by more than half. "It cannot be ignored that this valuation is significantly lower than the prices we have seen before, which has a practical impact on the lives of each and every one of us," said Craig Liden, CEO of Cruise A spokesperson for Cruise responded, "The new valuation reflects the current market conditions and our operational reality... The company is focused on winning the trust of regulatory agencies and the public before restarting its business."