• GM's $2 billion deal with a Japanese tech giant may give the automaker a big advantage in the race to develop self-driving cars

    11 days ago - By Business Insider

    GM's $2.25-billion SoftBank investment in the Cruise division has given the company equity value that it can use to attract new talent.
    Cruise has grown dramatically since GM bought it in 2016. What started as a 40-employee startup now has 800 people working it.
    GM President Dan Ammann said that another leg of significant growth is on the way as Cruise heads into commercialization in 2019.
    In May, General Motors announced that the Vision Fund of Japan's SoftBank would invest $2.25 billion the carmaker's Cruise self-driving division .
    GM kicked in an additional $1.1 billion, bringing the...
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  • GM's $2 billion deal with a Japanese tech giant may give the automaker a big advantage in the race to develop self-driving cars

    GM's $2 billion deal with a Japanese tech giant may give the automaker a big advantage in the race to develop self-driving cars

    11 days ago - By Business Insider

    GM's $2.25-billion SoftBank investment in the Cruise division has given the company equity value that it can use to attract new talent.
    Cruise has grown dramatically since GM bought it in 2016. What started as a 40-employee startup now has 800 people working it.
    GM President Dan Ammann said that another leg of significant growth is on the way as Cruise heads into commercialization in 2019.
    In May, General Motors announced that the Vision Fund of Japan's SoftBank would invest $2.25 billion the carmaker's Cruise self-driving division .
    GM kicked in an additional $1.1 billion, bringing the...
    Read more ...

     

  • The hottest housing market in the country is up 13% and now may be headed for a crash

    The hottest housing market in the country is up 13% and now may be headed for a crash

    11 days ago - By CNBC

    Home prices in Washington state rose nearly 4% in the first quarter, the most in the nation, and more than 13% from one year ago. Experts say the market is now vulnerable to rising interest rates and job losses due to tariffs.
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  • GM's self-driving car unit could be worth $43 billion - nearly 4 times the valuation it received 6 weeks ago, RBC says

    GM's self-driving car unit could be worth $43 billion - nearly 4 times the valuation it received 6 weeks ago, RBC says

    11 days ago - By Business Insider

    General Motors ' self-driving unit, Cruise, could be worth $43 billion, RBC Capital Markets estimates.
    The autonomous arm received a valuation of $11.5 billion from Japan's SoftBank in May.
    GM is reportedly eyeing a spin-off or tracking stock for Cruise, Bloomberg reported last month.
    Follow GM's stock price in real-time here.
    Cruise, the self-driving car company bought by General Motors in 2016, could be worth a whopping $43 billion, RBC Capital Markets estimates.
    That new valuation is nearly four times the figure eyed by Japan's SoftBank when it invested $2.25 billion in the autonomous...
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