Page 45 - Dan Ammann News Today

Autonomous car company is valued at $30bn after securing new capital

Cruise and General Motors have announced they have entered a long-term strategic relationship with Microsoft to accelerate the commercialisation of self-driving vehicles.

The mission to bring safer, better and more affordable transportation to everyone isn't just a tech race, it's also a trust race.

As part of a new $2 billion round of funding, Microsoft has invested in Cruise, GM’s self-driving subsidiary, sending GM’s stock up 9%.

Automakers and major tech companies are fully aware self-driving cars are the next big thing, though there'...

Honda has announced that it will leverage GM Cruise autonomous vehicles (AVs) in its up-and-coming vehicle mobility service (MaaS) businesses in Japan.

General Motors Cp. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture. The new funds will raise Cruise’s post-investment valuation to an estimated $30…

GM Jumps as Microsoft Joins $2 Billion Self-Driving Venture Bloomberg 1/19/2021 © Bloomberg GM Cruise autonomous car. (Bloomberg) -- General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise LLC in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture. Shares of GM surged on the news. The additional funds will raise Cruise’s post-investment valuation to an estimated $30 billion, up from...

General Motors Leaps on Microsoft Self-Driving-Vehicle Effort Microsoft is part of a group of companies investing $2 billion into General Motors Cruise, the carmakers autonomous-vehicles effort. Author: Shares of General Motors  ( MSFT) - Get Report partnered with the car companys driverless-car startup Cruise to speed autonomous vehicles to market. Shares of General Motors at last check jumped 8.3% to $54.10 while Microsoft shares climbed 0.4% to $213.45.  The Redmond, Wash., software gia...

Microsoft will join General Motors, Honda and others to make a $2 Billion equity Investment in Cruise, an Autonomous Vehicle Company Theres been a lot of buzz in the industry about Apple seeking partners for their autonomous vehicle venture code named Project Titan. Interesting developments have come to life in just the last week with Foxconn and Zhejang creating a joint venture to revolutionize that automotive industry, followed by todays revelation regarding Hon Hais MIH Electric Vehicle Pl...