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Showing posts with the label GM Cruise

Cruise lays out its plan for ‘how’ it will make robotaxis a reality

The string of engineers who spoke Thursday night during a deep dive into Cruise’s autonomous vehicle technology never mentioned Tesla’s name. They didn’t have to, although the message was clear enough. GM’s self-driving subsidiary Cruise presented a technical and deployment roadmap — at a granular level — that aimed to show how it has built […] November 07, 2021 at 06:47AM

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

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

BERKELEY, California — General Motors Co’s greater part possessed Cruise self-driving car auxiliary said on Tuesday it would access a multi-year $5 billion credit extension with GM’s account arm to fund 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

Cruise asks Biden to assist raise restrictions on autonomous automobiles

WASHINGTON — Cruise LLC, the autonomous automobile (AV) firm majority-owned by Basic Motors, has urged President Joe Biden to again efforts to hurry hundreds of self-driving automobiles to U.S. roads, saying the nation dangers lagging behind China, in line with a beforehand unreported letter seen by Reuters. The chief govt of Cruise, Dan Ammann, in […] June 02, 2021 at 06:48AM