- Aligning capital spend with overall market conditions and pace of industry readiness
- Reorganization of U.S. operations and a reduction in force to focus development efforts
- No longer seeking strategic alternatives for Asia Pacific business
SAN DIEGO, May 18, 2023 /PRNewswire/ — TuSimple (Nasdaq: TSP), a global autonomous driving technology company, announced a restructuring plan for its U.S. operations that is intended to enable the company to continue maturing its technology while preserving the company’s balance sheet. The company also announced it is no longer seeking strategic alternatives for its Asia Pacific subsidiaries.
Restructuring of U.S. Operations
In light of current market conditions, today TuSimple announced it is reor…
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