General Motors – A News Week

Amazon and General Motors are in discusses to invest into Rivian Automotive LLC in a deal that would esteem the U.S. electric pickup truck maker at between $1 billion and $2 billion, individuals comfortable with the issue said on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a noteworthy boost for the Plymouth, Michigan-based startup, which tries to be the first car producer to the U.S. customer market with an electric pickup. In the event that the negotiations conclude effectively, a deal could be reported as right on time as this month, the sources stated, asking not to be distinguished on the grounds that the issue is private. There is dependably an opportunity that bargain talks fall through, the sources advised...

General Motors on Friday said on a conference call for investors that its Cruise Automation self-driving car subsidiary is currently utilizing further developed test vehicles that hold steering wheels and brake pedals. The most recent Cruise test cars have further developed and less obtrusive sensors. The automaker said that the up and coming generation of its autonomous test cars do without the ordinary controls required for a human reinforcement driver, yet it's looking out for government endorsement before it can test a car without a steering wheel on public streets. Cruise Automation Chief Executive Officer Dan Amman said that the organization's long haul objective as a ride-share supplier is to lessen its operating expenses to $1 per mile, so, all in all he said Cruise ve...

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Amazon and General Motors are in discusses to invest into Tesla competing Rivian

General Motors’s Cruise Automation redesigns self-driving test cars, Cadillac to offer Super Cruise self-driving tech on full lineup