GM Buys SoftBank’s $2.1 Billion Stake in Cruise
General Motors Co. bought out the SoftBank Vision Fund 1’s stake in self-driving startup Cruise for $2.1 billion, ending the Japanese investment firm’s stake in the business and giving the Detroit automaker 80% ownership.
Waymo, Cruise Set Pace in Electrifying Autonomous Vehicles
Autonomous vehicles are mostly electric so far. That’s one of the main conclusions of BloombergNEF’s just-published annual report analyzing the state of AV testing programs in the U.S. and China.
GM’s Cruise Names Interim CEO Vogt Full-Time Chief
Cruise LLC, the autonomous vehicle company that is majority-owned by General Motors Co., named founder Kyle Vogt its full-time chief executive officer.
GM’s Cruise Begins Offering Driverless Rides
Cruise LLC, the self-driving car startup that is majority owned by General Motors Co., is offering free rides to nonemployees in San Francisco for the first time, a move that triggers another $1.35 billion from investor SoftBank Vision Fund.
Cruise CEO Dan Ammann Abruptly Leaves
Dan Ammann has abruptly left the CEO role at Cruise, the autonomous driving unit that is majority owned by General Motors.
GM-Backed Cruise Sees Autonomous Unit Growing Past $50 Billion
Cruise, the autonomous vehicle startup majority-owned by General Motors Co., will tell investors this week that it sees a path for its ride-hailing business to reach $50 billion in revenue as the company ramps up over the next couple of years, people familiar with the matter said. GM’s shares jumped.
Cruise Looks to Solar Panels to Power Self-Driving Cars
Cruise, the San Francisco autonomous car company backed by General Motors, is launching a new initiative to support renewable energy efforts in California’s Central Valley that takes advantage of solar power.
GM’s Cruise Unit Starts Preproduction on Autonomous Shuttle
Cruise, the self-driving-car unit majority-owned by General Motors Co., has started preproduction on its purpose-built battery-electric autonomous shuttle and boosted its access to cash.
Walmart Invests in Cruise, the GM-Backed Autonomous-Car Startup
Walmart is taking an undisclosed stake in Cruise, the autonomous-vehicle technology company that’s majority-owned by General Motors Co.
Cruise to Operate Autonomous Vehicle in Dubai
DETROIT — Autonomous electric shuttles slated to be built in Detroit will be on the streets of Dubai after an agreement between self-driving company Cruise, which is largely owned by General Motors Co., and Dubai’s Roads and Transport Authority.
April 13, 2021