Exclusive-GM's Cruise valuation slashed by more than half, email shows
By Greg Bensinger
(Reuters) - General Motors' Cruise saw its internal share price cut by more than half from a quarter ago as the fallout from an October accident continues to weigh on the self-driving car company.
Cruise employees were told the share price had been estimated by a third party at $11.80, according to an email viewed by Reuters. That's down from a prior estimate of $24.27 just one quarter ago.
(Reporting by Greg Bensinger; Editing by Leslie Adler)