Deals
GM Acquires Cruise Automation for Driverless-Car Software Talent
- Detroit company in technology race against automakers, Google
- Barra deploys Ammann to pursue investments including Lyft
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General Motors Co. continued buying into West Coast technology companies by acquiring San Francisco-based Cruise Automation Inc., a maker of technology that will help the automaker compete with Google Inc. in the race to develop self-driving cars.
GM had been watching the company for almost two years as it tested self-driving cars on the streets of San Francisco. By combining GM’s work in autonomous cars and its manufacturing capability with Cruise’s software, the automaker will be able to get this technology to market sooner, said GM President Daniel Ammann.