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General Motors’ (GM) autonomous car program got a major boost after Japan-based SoftBank Vision Fund agreed to invest $2.25 billion in GM Cruise Holdings. The automaker expects the funding to help it roll out self-driving cars in 2019. As per the terms of the agreement, once the transaction closes, tentatively by June end, GM will invest $1.1 billion in GM Cruise.
Source: https://news.alphastreet.com/gms-driverless-car-program-gets-2-3-billion-boost-from-softbank/
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Thanks for posting. Here’s more info:
http://gmauthority.com/blog/2018/06/analyst-breaks-down-gm-cruise-softbank-investment-video/
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