GM to accelerate autonomous development with Cruise Automation acquisition

General Motors (GM) is to acquire Cruise Automation to add Cruise’s software expertise and rapid development capability to further accelerate GM’s development of autonomous vehicle technology. GM intends intend to invest significantly to further grow the talent base and capabilities already established by the Cruise team. The acquisition is GM’s latest step toward its goal of redefining the future of personal mobility. Since the beginning of the year, GM has entered into a strategic alliance with ride-sh
March 14, 2016 Read time: 2 mins
948 General Motors (GM) is to acquire Cruise Automation to add Cruise’s software expertise and rapid development capability to further accelerate GM’s development of autonomous vehicle technology. GM intends intend to invest significantly to further grow the talent base and capabilities already established by the Cruise team.

The acquisition is GM’s latest step toward its goal of redefining the future of personal mobility. Since the beginning of the year, GM has entered into a strategic alliance with ride-sharing company Lyft; formed Maven, its personal mobility brand for car-sharing fleets in many US cities and established a separate unit for autonomous vehicle development.

Cruise will operate as an independent unit within GM’s recently formed Autonomous Vehicle Development Team led by Doug Parks, GM vice president of autonomous technology and vehicle execution, and will continue to be based in San Francisco.  Founded in 2013, Cruise has moved quickly to develop and test autonomous vehicle technology in San Francisco’s challenging city environment.
Location Based Systems

For more information on companies in this article

Related Content

  • Cubic completes acquisition of Serco transport solutions
    November 27, 2013
    Serco’s transport solutions business will become a part of Cubic Transportation Systems following Cubic Corporation’s acquisition of the business for an enterprise value of US$70 million. Serco’s primarily a UK-based transport technology and services business and had revenues in the last calendar year of approximately $67 million.
    Read More
  • Connected vehicles, connected systems equals next generation ITS
    July 17, 2012
    Iteris has been awarded a new contract to lead a team working to update and support the United States’ National ITS Architecture. Pete Goldin reports on this latest initiative to help all US agencies’ development and application of ITS systems The United States Department of Transportation has a set of standards safeguarded for ITS for the US, with a vision for the future of transportation technology called the National ITS Architecture. This may sound like a secret plan kept in a vault somewhere, but the
    Read More
  • Porsche SE acquires PTV Group
    June 8, 2017
    Porsche Automobil Holding SE (Porsche SE) has acquired traffic and transport specialist, PTV Group, for a purchase price in excess of US$338 million (€300 million) as part of a long-term investment strategy.
    Read More
  • Oregon tests new mileage-base charging scheme
    August 5, 2013
    Jack Opiola from D’Artagnan Consulting LLP explains Oregon’s latest moves which mandated a trial of mileage-based road use charging. In 1919, Oregon made the 20th century’s most significant contribution to transportation funding policy, becoming the first state in America to implement a gas tax to pay for roads. This summer Oregon’s Legislature passed, and Governor John Kitzhaber signed into law, Senate Bill 810 which requires a distance-based road usage charge for 5,000 volunteer vehicles by 1 July 2015. T
    Read More

Highlighted Content