SoftBank will invest $2.25 billion in GM's Cruise self-driving car division (GM)
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- SoftBank will invest $2.25 billion in General Motor's Cruise Division.
- GM will follow with a $1.1 billion investment.
- GM acquired Cruise Automation, a San Francisco startup, in 2016.
- Watch GM trade in real time here.
On Thursday, General Motors announced a substantial new investment in its self-driving car division, Cruise, from Japan's SoftBank.
"The SoftBank Vision Fund will invest $2.25 billion in GM Cruise ... further strengthening the company’s plans to commercialize AV technology at large scale," the automaker said in a statement.
See the rest of the story at Business Insider
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