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GM Cruise autonomous vehicle unit gets $1.15B investment

Started by RSS, May 07, 2019, 03:09:10 PM

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May 07, 2019, 03:09:10 PM
GM Cruise autonomous vehicle unit gets $1.15B investment

A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors.      GM announced the investment from a group led by T. Rowe Price on Tuesday morning.      Cruise CEO Dan Ammann said in a statement the investment gives Cruise deep resources to draw on as it develops and deploys self-driving vehicles.      GM says the investment brings Cruise's valuation to $19 billion. It comes ...

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