GM To Infuse $850M Cash Into Cruise
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) is set to invest $850 million into its autonomous vehicle subsidiary, Cruise, as reported by Bloomberg.
June 11, 2024 | 4:24 pm
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General Motors (GM) is investing $850 million into its autonomous vehicle subsidiary, Cruise. This significant investment indicates GM's commitment to advancing autonomous vehicle technology.
The $850 million investment by GM into Cruise is a substantial financial commitment that highlights the company's focus on the future of autonomous vehicles. This move is likely to be viewed positively by investors as it shows GM's dedication to innovation and long-term growth in the autonomous vehicle sector.
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