GM Cruise autonomous vehicle unit gets $1.15 billion investment

GM Cruise autonomous vehicle unit gets $1.15 billion investment

GM’s majority-owned Cruise self-driving division on Tuesday said T. Rowe Price and a group of existing investors put down $1.15 billion in new equity, valuing the unit at $19 billion. The latest funding round includes GM, SoftBank Vision Fund and Honda Motor, and gives the firm much needed cash as it aims to launch vehicles by the end of 2019.

Simone
Simone
drakethesnake
drakethesnake 1 year

Can't wait until I'm the only shitty driver on the road.

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