Roughly a year ago the sky seemed to be the limit for General Motors' (NYSE: GM) driverless vehicle ambitions, spearheaded by its operations at Cruise. It was a goldmine of potential and a way for the company to generate a new stream of revenue.

Fast-forward to today, and it looks more than ever like Ford Motor Company's (NYSE: F) $2.7 billion impairment charge to end its Argo AI driverless ambitions was brilliant.

In the early days of October, one of Cruise's robotaxis hit and briefly dragged a pedestrian, who was struck beforehand by a separate human-driven vehicle, causing injuries.

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Source Fool.com