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Cruise Gets $850 Million From GM

Company has burned through $8.2 billion since 2017, hopes to restart testing There is hope for Cruise, the robotaxi company that was forced to cease operations...

Weekly Connected and Autonomous Vehicle News

Connected and Autonomous Vehicles: ūüöė¬†Chinese EV Makers, and Their Connected Vehicles, Targeted by New House Bill.¬†‚ÄúThe bill, introduced by U.S. Rep.¬†Elissa Slotkin, comes as the¬†trade...

Despite Recent Waymo and Cruise Setbacks, May Mobility Grabs $105 Investment

Autonomous vehicle companies have been getting hammered by the regulatory agencies lately, but May Mobility this week announced a $105 million Series D round.  The round, led...

GM President Moves to Cruise

Full story at Reuters DETROIT (Reuters) - General Motors Co (GM.N) President Dan Ammann will take over as chief...

Honda to invest $2.75 billion in GM’s self-driving car unit

Reuters (Full Story at Link Above) WARREN, Mich (Reuters) - Honda Motor Co Ltd (7267.T) will invest $2.75 billion and take a 5.7 percent stake in...

SoftBank Invests $2.25 Billion in GM’s Cruise

ZDNet Full story at the link above. SoftBank Vision Fund will claim a 19.6 percent stake in General Motors Cruise Holdings, the automaker's autonomous vehicle unit,...

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