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Walmart investing in GM’s Cruise self-driving car company

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Walmart and Cruise will begin testing deliveries by driverless car in 2021.

Walmart

Walmart is investing in Cruise, General Motors’ majority-owned self-driving vehicle subsidiary, as part of a new $2.75 billion funding round for the company.

The decision to invest comes about five months after the companies started developing a pilot program to use Cruise self-driving vehicles for deliveries in Scottsdale, Arizona.  

“This investment is a marker for us – it shows our commitment to bringing the benefit of self-driving cars to our customers and business,” Walmart U.S. CEO John Furner said in a blog post on Thursday. “We’re excited to join Cruise’s already impressive partner and investor…



Source cnbc.com

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