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News, Analysis & Perspective on Autonomous Vehicles

GM bets $3.5 billion more on self-driving tech unit as SoftBank exits

WASHINGTON, March 18 (Reuters) – SoftBank Group Corp’s (9984.T) Vision Fund exited its bet on General Motors (GM) (GM.N) self-driving car subsidiary Cruise as the auto giant upped the ante, investing another $3.45 billion in the loss-making unit.

https://www.reuters.com/business/autos-transportation/gm-buys-softbank-vision-funds-stake-cruise-21-bln-2022-03-18/

 

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