General Motors Completes Cruise Automation Acquisition0
General Motors has announced that it has completed the acquisition of Cruise Automation, and that it will disclose additional details related to the purchase during its second quarter 2016 business results.
General Motors announced plans to acquire the California-based start-up in March of 2016 in an effort to accelerate the development of autonomous vehicle programs. Some reports have pegged the amount of the investment at $1 billion.
Stay tuned to GM Authority for more GM news and for live coverage of the GM’s Q2 2016 earnings, which will likely take place in July.
- Sweepstakes Of The Month: Win a 2023 Corvette Z06 Convertible. Details here.