Japan's SoftBank to sink $2.25B into GM autonomous car unit

Japan's SoftBank to sink $2.25B into GM autonomous car unit

6 years ago
Anonymous $2WKDXfy9lA

https://apnews.com/3fefd8f035d6401098bb70f0bfda979d

DETROIT (AP) — The Japanese technology conglomerate SoftBank will spend $2.25 billion for a nearly a 20 percent stake in General Motors' autonomous vehicle unit.

GM said Thursday that it will also sink another $1.1 billion into its GM Cruise automated division. The capital infusion is designed to speed large-scale deployment of self-driving robotaxis next year.

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