🚖SoftBank Vision Fund to Invest $2.25 Billion in GM Cruise

By AUTO, Self driving

🚖SoftBank Vision Fund to Invest $2.25 Billion in GM Cruise

General Motors (NYSE: GM) announced today that the SoftBank Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC (GM Cruise), further strengthening the company’s plans to commercialize AV technology at large scale.

GM will also invest $1.1 billion in GM Cruise upon closing of the transaction.

Thu, May 31 2018 SoftBank and GM joining forces to drive large-scale AV deployment

Investment values GM Cruise at $11.5 billion

http://www.gm.com/mol/m-2018-may-0531-gm-cruise.html

SoftBank to invest $2.25 billion in GM’s Cruise self-driving car division – Business Insider

http://www.businessinsider.com/softbank-invest-225-billion-in-gm-cruise-self-driving-car-2018-5?utm_source=feedly&utm_medium=referra

GM’s autonomous vehicle unit receives $2.25B boost from investment firm

http://www.autonews.com/article/20180531/MOBILITY/180539966/gm-mobility-investment-autonomous-cruise?X-IgnoreUserAgent=1

GM shares soar on$2.25B investment for self-driving cars

https://www.detroitnews.com/story/business/autos/general-motors/2018/05/31/gm-technology-investment/658699002/

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