GM buying Softbank's stake in Cruise robo-car unit for $2.1B

GM buying Softbank's stake in Cruise robo-car unit for $2.1B

2 years ago
Anonymous $R5WK5a8uaN

https://apnews.com/8e512d9948d29390910b3691d8135d95

DETROIT (AP) — General Motors said Friday that it is paying $2.1 billion to buy out Japanese tech investment firm Softbank's stake in the Detroit automaker's Cruise autonomous vehicle subsidiary.

Softbank paid $2.25 billion for a 20% stake in Cruise in 2018 as part of a wave of investment in self-driving technology.