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The automaker will invest an additional $3.5 billion into the startup. General Motors is acquiring SoftBank's stake in Cruise and pouring even more money into the self-driving unit it purchased in ...
In total, Cruise has already raised over $15 billion, per Crunchbase data. GM has spent, and lost, over $8 billion since acquiring Cruise in 2016, with $3.48 billion lost in 2023 alone.
Cruise, the self-driving subsidiary of GM, has tapped a $5 billion line of credit from the automaker’s financial arm to pay for hundreds of purpose-built electric and autonomous Origin vehicles ...
Longitudinal transmissions. Aisin AR5/MA5 — 5-speed longitudinal manual made by Aisin. Aisin AY6 — 6-speed longitudinal manual made by Aisin. Getrag 260 — 5-speed longitudinal manual made by Getrag. Muncie M20 — 4-speed longitudinal wide ratio manual transmission made by GM at their Muncie, Indiana factory.
The automaker said late Friday that is is acquiring SoftBank Vision Fund 1’s equity ownership in Cruise for $2.1 billion. GM is also making an additional $1.35 billion investment in Cruise ...
Cruise LLC. Cruise LLC is an American self-driving car company headquartered in San Francisco, California. Founded in 2013 by Kyle Vogt and Dan Kan, [ 4][ 5][ 6] Cruise tests and develops autonomous car technology. The company is a largely autonomous subsidiary of General Motors. [ 7]
2015–2021 Vauxhall Astra. 2015–2023 Buick Envision. 2015–2021 Buick Verano. 2016 – 2019 Chevrolet Volt. 2016 – 2019 Buick Velite 5. 2018–present Chevrolet Equinox. 2018–present GMC Terrain. 2019–2023 Chevrolet Orlando. The successor to both the Delta II and Theta platforms, in accordance with GM's newest nomenclature.
Chief executive Dan Ammann said the money would help Cruise (and therefore GM) roll out driverless cars on a "massive scale." Cruise has raised $7.25 billion in the past year.