GM to hike Cruise ownership stake to 80%

An autonomous Chevrolet Bolt operated by Cruise Automation in San Francisco on Feb. 2, 2022. (BLOOMBERG/Bloomberg)

March 18, 2022 09:25 PM

General Motors is acquiring SoftBank Vision Fund's equity ownership stake in Cruise and plans to make an additional investment that will bring its share of the self-driving vehicle company to 80 percent.

Featured Stories

Trump pushes for auto loan interest deductions for U.S.-made models

Nikola founder Trevor Milton pardoned by Trump after fraud conviction

Dealership buy-sell database updates: Details on 11 deals across 10 states

Tesla could benefit from Trump’s tariffs by undercutting rivals. Here’s how.

Latest News

Nikola founder Trevor Milton pardoned by Trump after fraud conviction

Trump tariffs will force Europe’s automakers to rethink strategy, ACEA says

Top 5 stories of the week: Trump announces tariffs on imported vehicles

Tesla could benefit from Trump’s tariffs by undercutting rivals. Here’s how.

Staying current is easy with newsletters delivered straight to your inbox.

See More in Mobility

Waymo robotaxis racked up $65,000 in San Francisco parking tickets last year

Waymo plans DC robotaxi service debut as U.S. plans new standards

Automakers, tech industry urge Trump to speed self-driving car deployment

California’s carpool lane perk for EVs nears the end of the road

Staying current is easy with newsletters delivered straight to your inbox.