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GM’s autonomous vehicle unit gets $2.25 B increase from investment firm

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The offer offers SoftBank Vision a 19.6 percent stake in GM Cruise, which includes Cruise and Strobe Inc., a lidar business GM obtained in October. Picture credit: REUTERS

UPGRADED: 5/31/18 10:557 am ET

DETROIT-- SoftBank Vision Fund, a popular innovation financial investment firm, is investing $2.25 billion in Cruise Automation, General Motors' self-governing vehicle operation.The financial investment

, size, will determine 2.7-liter I-4's success in Chevy Silverado, GMC Sierra Panasonic prepares to establish cobalt-free car batteries Can GM redefine 4-banger-- in a truck? GM's mapping team blazes new tracks for factories I-4's efficiency, not size, will make or break its success for GM

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Source

http://www.autonews.com/article/20180531/MOBILITY/180539966/gm-mobility-investment-autonomous-cruise

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