Automakers around the world have been hard at work developing cars that can drive themselves. General Motors, parent company to Chevrolet, Buick, Cadillac, and GMC, is among them and isn’t pulling any punches. The automaker recently stepped into Maven, a car-sharing service to attract customers who don’t own vehicles. Now General Motors has made its largest investment yet.
GM’s autonomous vehicle development has been slow coming out of the gate. With a recent $500 million investment and partnership with Lyft, it should come as no surprise the automaker made an even larger deal.
“Fully autonomous vehicles can bring our customers enormous benefits in terms of greater convenience, lower cost and improved safety for their daily mobility needs,” said Dan Ammann, GM President.
The company has hammered out a deal to acquire Cruise Automation, a developer of self-driving technology. The technology was originally offered as an aftermarket add-on for Audi A4 and S4 models. With the technology, the vehicles could drive autonomously on highways.
Although there’s no official announcement from GM, word has it the deal comes to over $1 billion. The terms of the deal are still under wraps but Cruise Automation will operate independently within the company.
Here at Bill Walsh GM Superstore, we’re expecting big things from General Motors in the future!