GM Cruise raises $1.15 billion from SoftBank and Honda

GM Cruise, the self-driving vehicle company, has managed to raise $1.15 billion in new equity from a group of investors the likes of which include T.Rowe Price Associates, SoftBank, Vision Fund, Honda and it’s parent company GM. The company is pushing to launch a fully functional ride-hailing service this year. The investment increases GM Cruise’s… Read More GM Cruise raises $1.15 billion from SoftBank and Honda

Uber’s self-driving vehicle sector secures a $1 billion investment before IPO

Image -From left to right, Hiroyuki Wakabayashi (Denso), Eric Meyhofer (Uber ATG leader), Dara Khosrowshahi (Uber CEO), Shigeki Tomoyama (Toyota), and Ervin Tu (SoftBank Vision Fund) – courtesy: Uber Uber Technologies Inc has secured a $1 billion investment from three Japanese companies and with their IPO scheduled for next month this could be a great… Read More Uber’s self-driving vehicle sector secures a $1 billion investment before IPO

Uber reveals that they may not make a profit in IPO documents

Everyone’s been talking about Uber going public this year and with the latest news we now know that their IPO will be taking place some time next month. Uber themselves have not disclosed how much they will price each of their shares at but it’s been reported, by people familiar with the matter, that they… Read More Uber reveals that they may not make a profit in IPO documents

Fiat Chrysler makes a deal with Tesla to escape EU emission fines

Fiat Chrysler Automobiles have agreed upon a multi million euro deal with Tesla so that the electric vehicles Tesla manufactures can be apart of the Fiat Chrysler fleet of cars the Financial Times reports. New EU emission rules dictate that the average CO2 emissions level from cars must be at a maximum of 95g per… Read More Fiat Chrysler makes a deal with Tesla to escape EU emission fines