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Gm Buys Cruise Automation To Speed Self-Driving Car Strategy


Ron Burgundy
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The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing,General Motors Co announced Friday it is buying Cruise Automation, a San Francisco self-driving vehicle startup, the latest move by the auto company as it competes with Silicon Valley to develop self-driving cars that could be used in ride-sharing fleets. GM and Cruise did not disclose the value of the deal. Technology website Re/Code cited sources as saying GM paid $1 billion.




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