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A woman gets in a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, November 28, 2017.
Elijah Nouvelage | Reuters
General Motor’s self-driving car division Cruise said Tuesday it received a $1.15 billion investment, raising the unit’s value to $19 billion.
The money comes from existing investors GM, SoftBank Vision Fund and Honda as well as funds and accounts advised by T. Rowe Price Associates and other institutional investors. GM said the boost brings investments in Cruise over the past year to $7.25 billion, including money funneled in from the parent company.
“Developing and deploying self-driving vehicles at massive…
Source cnbc.com
