General Motors CEO Mary Barra remains determined to lead the self-driving car revolution. The automaker’s next big step may be around the corner. Automotive News reported on Monday that GM’s scheduled investor meeting over self-driving cars will take place in San Francisco, California.
Perhaps not so coincidentally, San Francisco is also home to GM’s Cruise Automation subsidiary. In general, the investor meeting will focus on GM’s future self-driving and mobility businesses, which also includes Maven. Some analysts have valued both segments of the automaker as high as $30 billion.
Thus far, GM has rigorously chased self-driving vehicles with Cruise. The subsidiary has grown to 350 employees from just 40 and autonomous Chevrolet Bolt EVs continue to zip around parts of California and Arizona. In the future, it’s possible GM will launch its own ride-sharing service through Maven and incorporate self-driving cars. Cruise already expressed interested to test its vehicles with the public.
The investor meeting will take place on November 30 and we’ll have full details then.