Softbank Gives GM’s Self-Driving Biz $2B And More Car News This Week

Softbank Gives GM’s Self-Driving Biz $2B And More Car News This Week

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As self-driving cars move steadily toward real-life commercial service, the companies ripping away the steering wheel are dealing with problems far more complex than telling a highway sign from a stopped firetruck. Problems like how to keep making money in a world where people are losing interest in owning, renting, and even driving cars. And…

Softbank Pours $2.25 Billion Into GM’s Self-Driving Car Biz

Softbank Pours $2.25 Billion Into GM’s Self-Driving Car Biz

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The Softbank Vision Fund is investing $2.25 billion in Cruise, the arm of General Motors tasked with developing fully self-driving cars and putting them into commercial service sometime, somewhere, in 2019. It’s the most significant deal to date in a nascent but booming industry, and it confirms that GM, despite getting a late start compared…