Technology

GM’s Cruise gets $2.25b from SoftBank’s Vision Fund, $1.1b from GM – TechCrunch

General Motors today announced a large investment into its self-driving unit, Cruise. SoftBank’s Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC and when the deal closes, GM will invest an additional $1.1 billion. The investments are expected to inject enough capital into Cruise for the unit to reach commercialization at scale beginning in 2019. […]

Technology

GM expands Maven car sharing to Toronto

GM has launched its first major international city for its Maven car sharing product. The service is going live in Toronto, Canada’s largest city by population, with rates beginning at $9 per hour which include gas and insurance coverage. The launch follows a prior pilot in the Waterloo region nearby, but Toronto is the first […]

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