GM buying out SoftBank's US$2.1 billion stake in Cruise self-driving cars

Updated 3 hours ago ·
Published on 19 Mar 2022 9:20AM ·

GM is the main investor in Cruise Automation, which also is backed by Microsoft, Honda and Walmart. – EPA pic, March 19, 2022.

US automaker General Motors announced yesterday it is acquiring SoftBank’s US$2.1 (RM8.8) billion stake in its autonomous car venture Cruise.

In addition, GM will chip in another US$1.35 billion investment to cover a commitment made in 2018 by the Vision Fund of SoftBank, a Japanese telecom giant.

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