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Cruise news and updates
Cruise Automation has issues with preliminary investigation into two separate issues
NHTSA has launched a preliminary investigation into two separate issues being lobbied against Cruise, the General Motors-funded autonomous driving project.
Dec 19, 2022 | autoweek.comCruise Automation launched autonomous transportation service in Austin on Jan 1st 22'.
However, the launch moved faster since leading rival Cruise announced intentions to introduce its autonomous transportation service in Austin before the year.
Oct 21, 2022 | dwpia.comCruise Automation acquired Dashride, Inc. on Jan 1st 18'.
In 2018, Dashride was acquired by Cruise GM, an autonomous driving company.
Jan 1, 2022 | uconn.eduCruise Automation hires Kyle Vogt as chief executive officer
Cruise LLC, the autonomous vehicle company that is majority-owned by General Motors Co., named founder Kyle Vogt its full-time chief executive officer.
Jan 1, 2022 | ttnews.comDan Ammann will leave Cruise as interim CEO on Dec 1st 22'.
Dan Ammann has abruptly left the CEO role at Cruise LLC, the autonomous driving unit that is majority owned by General Motors Co.
Jan 1, 2022 | detroitnews.comGeneral Motors Company invested into Cruise Automation in $1.35B on Jan 1st 18'.
GM is also making an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018.
Jan 1, 2022 | techcrunch.comCruise Automation launched Recurring Liquidity Opportunity Program on Feb 21st 22'.
In addition to GM’s increased investment, Cruise recently launched its Recurring Liquidity Opportunity Program, which it said delivers on its promise to provide Cruise employees the potential for long-term share price upside as well as flexibility around share liquidity.
Jan 1, 2022 | robotics247.comCruise Automation goes public
Meanwhile, in an attempt at retaining talent, Cruise has launched its Recurring Liquidity Opportunity Program, which aims to give employees the potential for long-term share price upside and flexibility around share liquidity without taking a step toward an IPO.
Jan 1, 2022 | cnctimes.comGeneralmotors invests into Cruise Automation in $1.35B
Meanwhile, General Motors has announced it’s acquiring SoftBank Vision Fund 1’s equity ownership stake in autonomous driving specialist Cruise for $2.1 billion and is separately making an additional $1.35 billion investment in Cruise.
Jan 1, 2022 | phocuswire.comHonda R&D Co., Ltd. invested into Cruise Automation in $750M on Jan 1st 18'.
Honda in 2018 invested $750 million into the autonomous vehicle company Cruise LLC, which GM has a majority stake in.
Jan 1, 2022 | decaturdaily.comCruise Automation receives financing of $10B in funding
Cruise was founded in 2013 and has since raised $10 billion in funding from GM, Honda, Microsoft, T. Rowe Price and Walmart.
Jan 1, 2022 | autonews.comCruise Automation partners with Walmart
Cruise has been expanding routes in Phoenix for a pilot program with Walmart, which is also an investor in Cruise.
Jan 1, 2022 | bloomberg.comThe CEO of Cruise explains the challenges of building self-driving cars for today’s roads
Automakers big and small have been talking about the promise of autonomous vehicles for a long, long time. One engineering challenge that hasn’t been discussed much, says Dan Ammann, CEO of Cruise, is “to make sure that we’re building transportation for what’s happening on our roads today.”
Nov 9, 2021 | FORTUNECruise 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.
Nov 6, 2021 | Tech CrunchGM's Cruise seeks California permit for robotaxi fares
Cruise LLC, the self-driving car startup that is majority owned by General Motors, filed an application with the State of California for a permit to charge fares for driverless rides.
Nov 6, 2021 | Automotive NewsCruise Automation received financing of $2B in investment round on Jan 1st 21'.
Microsoft joins a number of companies in a $2 billion funding round for Cruise which also includes backing from Honda and institutional investors.
Jan 1, 2021 | businessinsider.comHonda R&D Co., Ltd. partnered with Cruise Automation on Jan 1st 21'.
Honda is leveraging a tie-up with General Motors and Cruise to ramp up its new mobility business by importing some of Cruise’s newest wheels for use in Japan this year.
Jan 1, 2019 | topcarshow.comCruise Automation receives financing of $750M in equity investment
Chadasha part of the concern General Motors company Cruise Automation, engaged in developing drones, received $ 750 million investment from a Japanese Honda.
Oct 3, 2018 | micetimes.asiaCruise Automation is developing electric Chevrolet Bolt cars
Cruise Automation is testing autonomous electric Chevrolet Bolt cars on the streets of San Francisco with human backup drivers.
Jan 1, 2017 | ctvnews.ca