GM Cruise autonomous vehicle unit valued at $19 billion with latest $1.15 billion funding round

United States News News

GM Cruise autonomous vehicle unit valued at $19 billion with latest $1.15 billion funding round
United States Latest News,United States Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

The $19 billion valuation comprises over one-third of GM's market value of roughly $54 billion. GM stock is up 25 percent this year, and company shares were up over 1% in morning trading Tuesday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM considers investing $1 billion in its Missouri plant, state officials sayGM considers investing $1 billion in its Missouri plant, state officials sayGeneral Motors Co is considering a $1 billion investment at its Missouri assembl...
Read more »

Here's the pitch deck Virginia's DivvyCloud just used to raise $19 million in VC fundingHere's the pitch deck Virginia's DivvyCloud just used to raise $19 million in VC fundingDivvyCloud — an Arlington, Virginia based startup founded in 2012 — helps businesses manage multi-cloud environments by letting them more easily establish guidelines across various instances.
Read more »

Esports organization Fnatic raises $19 million for big expansionEsports organization Fnatic raises $19 million for big expansionFnatic, the London-based global esports team owner, has raised $19 million in ne...
Read more »

Eventbrite plunges 26%, below $18 per share and its lowest level since IPOEventbrite plunges 26%, below $18 per share and its lowest level since IPOFutures are hovering close to breakeven ahead of the Wednesday session as the market assesses the impact of the failed Brexit vote.
Read more »

Esports organization Fnatic raises $19 million for big expansionEsports organization Fnatic raises $19 million for big expansionFnatic, the London-based global esports team owner, has raised $19 million in ne...
Read more »

GM recalling hundreds of thousands of trucks after reports of firesGM recalling hundreds of thousands of trucks after reports of firesGeneral Motors said it is recalling 368,000 medium- and heavy-duty diesel trucks equipped with engine-block heaters for fire risks after 19 reports of fires.
Read more »

GM Loses Ground to FordGM Loses Ground to FordFirst-quarter results offered some signs that GM is giving up some of the lead it has built over its crosstown rival in recent years.
Read more »

Lyft elevates GM first-quarter profit, pickups in driver's seatLyft elevates GM first-quarter profit, pickups in driver's seatGeneral Motors Co on Tuesday reported a higher-than-expected quarterly profit, l...
Read more »

CEO Mary Barra Says GM Will Have An EV PickupCEO Mary Barra Says GM Will Have An EV PickupGM CEO Mary Barra says the automaker will have its own EV pickup, a few weeks after talks broke down with EV pickup/SUV startup Rivian.
Read more »

GM recalls trucks due to engine block heater cord firesGM recalls trucks due to engine block heater cord firesGeneral Motors is recalling over 368,000 pickups and other trucks worldwide after getting 19 reports of fires caused by engine block heater cords
Read more »

CEO Mary Barra Says GM Will Have An EV PickupCEO Mary Barra Says GM Will Have An EV PickupGeneral Motors CEO Mary Barra says the company will make a full-size electric pickup truck as part of an “all-electric future” that will include a complete range of EVs
Read more »



Render Time: 2025-03-12 15:08:08