GM says Microsoft to invest in Cruise self-driving vehicle

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.