Mexican Media Brands
GM Gets Antitrust Okay to Buy Cruise Automation
General Motors Co. has won approval from the U.S. Federal Trade Commission to acquire San Francisco startup Cruise Automation Inc.
#robotics
Share
General Motors Co. has won approval from the U.S. Federal Trade Commission to acquire San Francisco startup Cruise Automation Inc.
GM has not disclosed terms of the sale. But media reports say the deal is worth more than $1 billion in cash and stock.
Cruise Automation is a 3-year-old company that is developing technology to enable self-driving cars. GM plans to merge the tiny company into its new Michigan-based Autonomous Vehicle Development Team.
The team is led by Doug Parks, vice president of autonomous technology and vehicle execution.
RELATED CONTENT
-
On EV's, ADAS, and a Pickup Truck
Several industry-related items that you’ve not likely to have seen anywhere else. (At least not all together.)
-
The Steering Wheel Goes Semi-Autonomous
ZF has developed a new concept steering wheel for Level 3 automation.
-
On Developments at Lincoln, Magna, Fiskar, Volvo and More
Lincoln’s plans for electric; Magna and Fisker working together; Polestar in South Carolina; the Volvo XC60 driven; VW gets deep into 3D; Porsche exec on electric; BMW and hydrogen; Staubli cell for tire sensors; and Bridgestone invests in autonomous trucking company.
