GM Buying SoftBank’s Cruise Stake, Pouring Additional $1.35 Billion Into Robocar Company

GM Buying SoftBank’s Cruise Stake, Pouring Additional $1.35 Billion Into Robocar Company

GM-built electric Origin vehicles are to join Cruise's fleet by 2023.

General Motors is tightening its control over autonomous vehicle unit Cruise with a plan to buy SoftBank Vision fund’s stake in the San Francisco-based tech company and pour in an additional $1.35 billion as it edges closer to launching a self-driving ride service.