WebMar 19, 2024 · The Detroit-based automaker said on Friday afternoon that it intends to pay SoftBank $2.1 billion for its stake in Cruise, announcing the plan after the close of … WebApr 13, 2024 · In 2024, GM invested $1.1bn in Cruise, bringing its ownership stake to about 80%. The company has acquired SoftBank Vision Fund 1’s ownership position in Cruise for $2.1bn and made a separate investment of $1.35bn into Cruise that SoftBank previously had committed.
SoftBank Has Bigger Reasons Than Beijing to Sell Alibaba
WebAug 10, 2024 · GM originally acquired Cruise Automation for more than $1 billion in May 2016. Since then, GM has organized its autonomous vehicle efforts, mainly its autonomous ride services (ARS), around... Web1 day ago · The Cruise Origin is an electric, autonomous vehicle with seating that faces each other and no traditional steering controls that will be built at General Motors' Factory Zero plant in Detroit.... long term incentive plan for private company
GM Buys SoftBank’s $2.1 Billion Stake in Cruise Self …
WebFeb 1, 2024 · Feb 1 (Reuters) - Self-driving tech firm Cruise on Tuesday said SoftBank Group Corp’s (9984.T) Vision Fund has agreed to invest an additional $1.35 billion … WebMar 25, 2024 · GM & Cruise. This week, General Motors is expanding its ownership stake in self-driving car subsidiary Cruise, acquiring SoftBank Vision Fund’s equity ownership in Cruise for $2.1 billion dollars. GM is also making an additional $1.35 billion dollar … WebApr 13, 2024 · The General Staff of the Armed Forces of Ukraine has reported that Russia is planning to start manufacturing Kh-50 air-to-surface strategic cruise missiles in order to resume attacks on Ukraine in ... long-term incentive plan for employees