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General Motor’s Cruise is Pumped up to Expand in Seattle

20Nov By Gauri SinghNo Comments

USA

General Motor’s Cruise is Pumped up to Expand in Seattle

The self driving company Cruise that was acquired by General Motors in 2016 is reportedly expanding and growing to Seattle as the company seeks more engineering talent to develop its technology. However, Cruise does not have any plans right now to test its autonomous vehicles in the city. The company is planning to set up offices in Seattle to attract and hire between 100 to 200 engineers by the end of 2019. “To continue growing a team that is diverse and rich in talent, we feel that it’s important to explore talent pools outside of the Bay Area, and Seattle’s vibrant tech community and proximity to our headquarters in San Francisco make it a logical choice,” CEO Kyle Vogt said. Cruise is looking towards and considering a number of locations in the Seattle area. There are no plans to ...

General Motors to Foray into the Electric Vehicle Segment

The popular automobile company General Motors (GM) is planning to enter the electric motor segment and for this, the company has decided to launch two new electric bikes to market next year. One of the two bikes will be folding and the other one will be compact. General Motors is making a broader push into electrification and other ideas that try to move beyond its traditional business model of producing and selling gas-power vehicles. Hannah Parish, director of General Motors Urban Mobility Solutions did not reveal much about the company’s plans to launch a bike-sharing service as a result of these two new products. “I can’t say anything is on or off the table at this point,” she stated. “We know that people who live in urban areas, like myself in downtown Toronto need different o...

GM invest $500 Million in Lyft To Create a Network Of On-Demand Self-Driving Cars

American Multinational corporation, Automaker General Motors or popularly known as GM has decided to invest a sum of $500 million in Lyft Inc. a ride-sharing service provider alliancing with it to create a network of On-demand Self-Driving cars. Lyft is one of the biggest ride-hailing companies which is fastest growing rideshare company in US and is available in more than 190 cities which, along with GM has announced the joint venture on Monday that involved an investment of $500 by GM. The invested $500M in the company is the part of a round of a $1 billion round of fund-raising. (more…)