“A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors.
Cruise announced the investment from a group led by T. Rowe Price on Tuesday and said it included money from GM, Honda and Japanese tech investment firm SoftBank.
CEO Dan Ammann said in a statement the investment gives Cruise deep resources to draw on as it develops and deploys self-driving vehicles.
Ray Wert, a spokesman for the GM unit, …”
For more:
https://www.ecnmag.com/news/2019/05/gm-cruise-autonomous-vehicle-unit-gets-115b-investment
