GM, Cruise team up with Microsoft over self-driving cars

Tuesday, 19. January 2021 15:37

Self-driving car company Cruise LLC and its majority shareholder General Motors Co. announced they entered a strategic partnership with Microsoft Corp. to "accelerate the commercialization of self-driving vehicles."

The Redmond-based tech giant, together with GM, Honda Motor Co. Ltd., and others agreed to invest an additional $2 billion into Cruise, bringing its evaluation to $30 billion.

"Microsoft, as the gold standard in the trustworthy democratization of technology, will be a force multiplier for us as we commercialize our fleet of self-driving, all-electric, shared vehicles," Cruise CEO Dan Ammann stated in the press release.

Related Links: General Motors CompanyMicrosoft Corp.
Author:
Breaking the News / MD