General Motors Acquires Cruise Automation For More Than $1 Billion
San Francisco-based Cruise Automation, a developer of autonomous vehicle technology, has been acquired by General Motors in a deal worth "north of $1 billion". Cruise Automation says is currently testing a fully driverless solution intended to build the "world's largest fleet of driverless cars". The two have not announced details on the deal, but widespread reports, citing sources near the deal, says GM paid nearly $1 billion for Cruise Automation.
posted on Friday, March 11, 2016
Related companies:
General Mills
Related stories:
> Lyft Picks Up $1 Billion From General Motors, Others
> Automation Anywhere Finds $250M In Massive Series A, Valued At $1.8 Billion
> GM Gets Into Venture Capital
> Lucid Motors Scoops Up $1 Billion From Saudi Arabia
> Tesla Motors Sets IPO Pricing Range
silicontap.com Home