March 20, 2016
YOUR CAR'S NEXT YOU...:
General Motors Inching Closer To Self- Driving Cars (Trefis Team, 3/20/16, Forbes)
Recently General Motors announced that it is acquiring Cruise Automation, a software company dedicated to self-driving car technology, in order to accelerate its development of autonomous vehicle technology. Cruise will operate as an independent unit within GM's recently formed Autonomous Vehicle Development team. The transaction, which is likely to close by the second quarter of 2016, is part of GM's strategy of redefining personal mobility. It thus follows other such initiatives that include: 1) the acquisition of the ride sharing company Lyft; 2) the formation of Maven, which is its brand for car sharing fleets; and, 3) the establishment of a separate division for autonomous vehicle development.
Posted by Orrin Judd at March 20, 2016 8:28 AM