Wednesday, 21 Nov 2018
Category: cruise

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. […]