Earlier quoted context omitted.
A taxi is a car. The taxi industry is by itself profitable. GM should be in thr business of making money, with or without cars.
there's a significantly lower volume of taxis sold than personal cars sold, and if taxis got bigger in the way the self driving utopians foresaw, it would significantly cut into their personal car sales.
Every car sold does about 100,000 to 250,000 passenger miles. Every taxi does about 200,000 to 500,000 miles. Due to deadheading, a taxi does almost 2 miles for every passenger mile.