Stefan Mileschin

General Motors is acquiring SoftBank's stake in Cruise and pouring even more money into the self-driving unit it purchased in 2016. The auto giant has announced that it's buying out SoftBank Vision Fund 1's equity ownership into the company that's worth $2.1 billion. In addition, it has committed to investing an extra $1.35 billion in Cruise to replace the funding SoftBank promised in February after the self-driving car company started offering robotaxi rides in San Francisco.

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