In a Tweet earlier today, autonomous rideshare company Cruise, announced it has secured a multi-year credit line of $5 billion from GM financial, to help purchase thousands of Origin vehicles. This new credit line will give Cruise $10 billion in total capital to help roll out its autonomous Origin vehicles manufactured by GM.
Cruise Automation Stories June 15
Cruise Automation Stories June 7
Autonomous rideshare rivals Waymo and Cruise have both reportedly applied for permits to charge passengers for self-driving rides in the San Francisco Bay area. Some of the applications are still under review, but it could be a major step toward autonomous rideshare vehicles operating as commonplace soon.
Cruise Automation Stories March 15
Self-driving startup Voyage announced it has been acquired by Cruise, a larger autonomous driving company. The California-based company previously made breakthroughs in self-driving technologies by transporting senior citizens around their communities. Voyage looks to pair its previous research with Cruise’s substantial resources to expand self-driving services to all.
Cruise Automation Stories January 19
GM announced that Cruise, its self-driving startup, has raised a new $2 billion financing round led by Microsoft.
The software giant is putting some skin in the self-driving game.
Cruise Automation Stories December 23, 2019
It’s been nearly two years since GM provided images of a next-generation Bolt EV that lacks a steering wheel or pedals. All of a sudden, in the past couple weeks, top GM execs have been talking up its electric hatch as a self-driving platform. Now Reuters reports that CEO Mary Barra met last week with US Transportation Secretary Elaine Chao to discuss getting those robo-Bolts on the road.
Cruise Automation Stories May 7, 2019
GM’s self-driving unit Cruise gets $1.15 billion investment, now valued at $19 billion
Cruise Automation announced today it’s secured a new $1.15 billion in funding, the latest in a long line of large investments into GM’s self-driving division.
Cruise Automation Stories October 17, 2017
After testing their all-electric and autonomous Chevy Bolt EV prototypes in California, Michigan, and Arizona, GM’s Cruise Automation vehicles are going to New York City to further test their system in a difficult traffic environment. expand full story
Cruise Automation Stories September 11, 2017
As part of its effort to bring self-driving vehicles to market, GM has claimed today that their autonomous driving division has produced “the first real self-driving car (really).” expand full story
Cruise Automation Stories August 8, 2017
GM’s autonomous driving division, Cruise Automation, announced the launch of the beta version of its autonomous ride-sharing app currently being used by employees in San Francisco, where they operate a fleet of autonomous Chevy Bolt EV test vehicles.
The new service is called ‘Cruise Anywhere’ and the company claims that it is already becoming the primary mode of transport for some of its employees. expand full story
Cruise Automation Stories June 13, 2017
Earlier this year, GM announced that it is growing its fleet of autonomous Chevy Bolt EV prototypes for its ‘GM Cruise’ startup.
Now the automaker announced the completion of the first batch of 130 prototypes at its Orion Assembly Plant located in Orion Township, Michigan. expand full story