{"id":227739,"date":"2021-04-15T20:01:21","date_gmt":"2021-04-15T17:01:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/walmart-invests-in-gms-cruise-autonomous-vehicle-subsidiary\/"},"modified":"2021-04-15T20:01:21","modified_gmt":"2021-04-15T17:01:21","slug":"walmart-invests-in-gms-cruise-autonomous-vehicle-subsidiary","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/walmart-invests-in-gms-cruise-autonomous-vehicle-subsidiary\/","title":{"rendered":"#Walmart invests in GM’s Cruise autonomous vehicle subsidiary"},"content":{"rendered":"

“#Walmart invests in GM’s Cruise autonomous vehicle subsidiary<\/strong>”<\/p>\n

\n Walmart and some institutional investors have joined the latest investment in Cruise, bumping the capital influx into the General<\/a> Motors autonomous vehicle subsidiary from over $2 billion to $2.75 billion.<\/p>\n

Walmart and Cruise announced a partnership last fall to launch a self-driving delivery test in Phoenix.<\/p>\n

“The investment will aid our work towards developing a last mile delivery ecosystem that’s fast, low-cost and scalable,” Walmart CEO John Furner said in a statement.<\/p>\n

Honda and Microsoft are among other investors with a a stake in Cruise. Furner said Cruise’s fleet of all-electric vehicles will help Walmart reach a goal of zero emissions by 2040.<\/p>\n

San Francisco-based Cruise said the investment brings its valuation to over $30 billion. Some investment analysts have encouraged GM to spin off the majority-owned subsidiary as a separate public company.<\/p>\n

Cruise is testing autonomous vehicles in San Francisco without human backup drivers. The company plans to run a fully self-driving ride-hailing service but hasn’t said when it will begin.\n <\/p>\n\n

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GM’s Cruise to operate all-electric driverless cars in Dubai\n <\/p><\/div>\n

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\n \u00a9 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n

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