General Motors Hands Over US$1 Billion For Autonomous Tech Start-up

With autonomous cars on the up and up, General Motors appears keen to ensure it isn’t left behind. The global carmaker has reportedly signed a deal worth more than US$1 billion (AU$1.34 billion) to purchase Cruise Automation.

A start-up company from San Francisco, Cruise Automation is focused almost solely on self-driving cars. 

The purchase of the three year-old company will complement GM’s existing autonomous car team, with the pair agreeing to terms after a relatively short six-week negotiation period.

To that end, GM is reportedly more concerned with developing its own autonomous tech rather than switch to using a Cruise-developed package.

Technology