Menu

Finance

GM Announces Additional Investment in Cruise

,

DETROIT, MARCH 18, 2022 — Today, General Motors Co. (NYSE: GM) announced it is acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise for $2.1 billion and separately will make an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. Since GM acquired a majority ownership stake […]

Stellantis Ventures Launches with €300 Million Fund to Propel Innovation Uptake

,

AMSTERDAM, March 16, 2022 – Stellantis today announced the launch of its first venture capital fund with the creation of Stellantis Ventures. The fund will initially invest €300 million in early and later-stage startup companies developing innovative, customer-centric technologies that could be deployed within the automotive and mobility sector. “We are moving fast in our […]