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General Motors is investing $850 million into Cruise as the autonomous vehicle subsidiary slowly makes its way back to testing in Phoenix, Dallas and, as of Tuesday, Houston. GM’s CFO Paul ...
General Motors Financial Company, Inc. is the financial services arm of General Motors. The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and ...
Ally Financial Inc. (previously known as GMAC) is a bank holding company organized in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
Image Credits: Screenshot/GM. Cruise is pausing production of its purpose-built robotaxi, the Origin — the autonomous vehicle company’s latest setback amid suspended operations and increased ...
Cruise, GM’s self-driving technology subsidiary, has started the long and winding regulatory process to test its next-generation “Origin” robotaxi on public roads in San Francisco. The ...
GM has started the process of seeking a new issuer for the card, a person familiar with the situation confirmed with Yahoo Finance. GM and Goldman launched a new credit card together in early 2022.
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 ...