San Francisco Chronicle Business & Technology News - Spoken Edition

SF’s Cruise gets $3.35 billion from GM, SoftBank to speed self-driving cars


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Boosting plans to deploy self-driving cars next year, the SoftBank Vision Fund will invest $2.25 billion in General Motor’s Cruise unit, and General Motors will invest $1.1 billion, the companies said early Thursday at a press conference in Detroit. GM, which bought San Francisco’s Cruise two years ago for over half a billion dollars, has already said it expects to put autonomous vehicles on the road in 2019.
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San Francisco Chronicle Business & Technology News - Spoken EditionBy San Francisco Chronicle