There is a significant change in the industry taking place at the moment which harks back to the beginning of the market when companies were investing in each other to try and get a lead in their desired sub-market. Recently Motoring Weekly discussed the investment made by Honda in GM’s Cruise Automation division that followed a similar investment by SoftBank - who have a … [Read more...]
GM Cruise Holdings to Get Full Investment
In a recent article I discussed Ford’s new division called Ford Autonomous Vehicles LLC and this article covers an update to their big rival General Motors, with their Cruise Automation business, now called G.M. Cruise Holdings (GMCH). In a recent announcement, a fund affiliated with SoftBank, a Japanese company, has stated that they will be injecting $2.25B into GMCH with … [Read more...]
Most Ride Share Companies Are Related
There are many, many ride sharing companies springing up across the globe. Several are now household names in many cities: Uber in many countries, Lyft in the US, Didi Chuxing in China and Ola in India. For South East Asia, many people know of - and use - Grab whilst in Brazil it is a company called 99. Many of the established companies own stakes in the others: Uber had for … [Read more...]