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GM acquired Cruise in 2016 for $1.1 billion. In 2021, Cruise played a starring role in GM's guidance to double revenue by 2030. Cruise was projected to increase its sales to $50 billion by the end ...
Cruise LLC. Cruise LLC is an American self-driving car company headquartered in San Francisco, California. Founded in 2013 by Kyle Vogt and Dan Kan, [4][5][6] Cruise tests and develops autonomous car technology. The company is a largely autonomous subsidiary of General Motors. [7]
The Cruise AV is a Bolt EV-based autonomous vehicle developed and tested by Cruise Automation, whose majority owner is General Motors; GM acquired Cruise in March 2016. [ 74 ] Pre-production versions of the Bolt EV were built at Orion Assembly in March 2016 and sent to Cruise, which modified the cars by adding sensors in San Francisco. [ 75 ]
The multi-year partnership will allow Uber riders to choose a trip using a Cruise autonomous vehicle, they said. Shares of GM rose 1.3% in extended trading, while Uber fell 1.5%.
But the ongoing troubles at Cruise pushed GM's share price down more than 3% to $26.65 on Thursday, its lowest closing price since August 2020. ... (GM and Cruise) scale back, that would be a ...
(Reuters) -General Motors' robotaxi unit Cruise is planning to re-launch in one unspecified city before expanding to others, just weeks after California barred its self-driving vehicles from ...
OnStar Corporation. OnStar Corporation is a subsidiary of General Motors [1] that provides subscription-based communications, in-vehicle security, emergency services, turn-by-turn navigation, and remote diagnostics systems throughout the United States, Canada, Chile, [2] China, Mexico, Europe, Brazil, Colombia, Argentina and the Gulf ...
Reuters has reported that Cruise is seeking to relaunch its service and considering Houston and Dallas as potential locations to resume testing with as few as 10 cars in each city and no passengers.