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Business & Finance

GM says Microsoft to invest in Cruise self-driving vehicle

  • Microsoft will join GM, Honda and institutional investors in a new $2 billion equity investment round.
Published January 19, 2021 Updated January 19, 2021 07:47pm
By

NEW YORK: General Motors announced Tuesday that Microsoft is joining its Cruise autonomous driving venture, coming on board as an investor and technology partner as it pushes to commercialize self-driving technology.

Microsoft will join GM, Honda and institutional investors in a new $2 billion equity investment round, GM and Cruise said in a press release.

The companies have established "a long-term strategic relationship", with Microsoft providing hardware and software engineering support.

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