GM Cruise self-driving vehicle unit to tap $5 billion credit line

BERKELEY, California — General Motors Co’s larger part claimed Cruise self-driving car auxiliary said on Tuesday it would access a multi-year $5 billion credit extension with GM’s money arm to back its acquisition of Origin vehicles beginning in mid 2023. “This bumps up Cruise’s total war chest to over $10 billion as we enter commercialization,” […] June 16, 2021 at 06:50AM