SOURCE: General MotorsDESCRIPTION:
Over the last several years, General Motors has made considerable progress towards realizing our vision of a world with zero crashes, zero emissions and zero congestion. Those efforts were advanced recently with three key announcements over a brief, seven-day period:
- On May 31, we announced that the SoftBank Vision fund would invest $2.25 billion in GM Cruise Holdings LLC (GM Cruise) to further strengthen the company’s plans to commercialize autonomous vehicle technology at large scale. Said Michael Ronen, managing partner, SoftBank Investment Advisers: “We are very impressed by the advances made by the Cruise and GM teams, and are thrilled to help them lead a historic transformation of the automobile industry.”
- On June 6, Our Cadillac brand announced plans to expand the rollout of SuperCruise, the world’s first true hands-free driver assistance feature for the freeway. SuperCruise will be available on all Cadillac models, with the rollout beginning in 2020.
- On June 7, General Motors and Honda announced an agreement for new advanced chemistry battery components, including the cell and module, to accelerate both companies’ plans for all-electric vehicles. Under the agreement, the companies will collaborate based on GM’s next generation battery system with the intent for Honda to source the battery modules from General Motors.
Taken together, these actions demonstrate our commitment to safely and quickly bring innovative transportation solutions to more customers, and help solve the societal and environmental challenges associated with the freedom of mobility.
For more information, see the links below:
KEYWORDS: General Motors, autonomous vehicles, cruise, AV, EV, softbank, Cadillac, Super Cruise, NYSE:GM