Thursday, 15 Nov 2018
Category: General Motors

GM is getting into the electric bike business

General Motors said it plans to bring two new electric bikes to market next year — one folding and one compact — as the automaker makes a broader push into electrification and other ideas that try to move beyond its traditional business model of producing and selling gas-power vehicles. The automaker didn’t have a lot […]

In recruiting win, GM’s Cruise employees offered equity in Cruise

In what will be seen as a big recruiting and retention win for Cruise, employees will be offered equity in GM’s self-driving technology subsidiary rather than shares of GM. The securities offering was disclosed in a recent SEC filing for GM Cruise Holdings LLC. The filing, which also lists the initial officers of GM Cruise […]

Autonomous driving is coming to all Cadillac models, other GM brands

Starting in 2020, Cadillac will start to offer autonomous driving on every Cadillac model. The Super Cruise system is already available today but limited to just the full-size CT6 sedan. General Motors is also announcing today that the SuperCruise system will start hitting other GM brands — such as Chevrolet, GMC, and Buick —  after […]

Why SoftBank invested $2.25 billion in Cruise

Earlier today, General Motors’ Cruise received a $2.25 billion investment from SoftBank’s Vision Fund. Once that deal closes, GM will invest another $1.1 billion. SoftBank landed on Cruise because it’s one of “a handful that in our view have a meaningful opportunity in front of them,” SoftBank Vision Fund Managing Partner Michael Ronen told TechCrunch. […]

The well-funded startups driven to own the autonomous vehicle stack

At some point in the future, while riding along in a car, a kid may ask their parent about a distant time in the past when people used steering wheels and pedals to control an automobile. Of course, the full realization of the “auto” part of the word — in the form of fully autonomous […]

Upstarts emerge to chase Tesla’s lead in electric vehicles

A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla’s lead in an effort to power the next generation of the electric vehicle industry. Electric vehicle startups have raised more than $2 billion in the U.S. over the first months of 2018 alone, a huge increase over the $650 million […]