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General Motors - Cruise Automation

General Motors acquires Cruise Automation

Announced: March 11, 2016
Closed:        May 13, 2016

Type:           Acquisition
Disposition: Subsidiary
Terms:         Cash & Stock
Status:         Complete

Amount:       $ 1,000,000,000

Acquisition News

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Date Title
May 14, 2016 WSJ - ATD - GM Closes Acquisition of Cruise Automation
GM Closes Acquisition of Cruise Automation
Mar 11, 2016 media.gm.com - GM to Acquire Cruise Automation to Accelerate Autonomous Vehicle Development
GM to Acquire Cruise Automation to Accelerate Autonomous Vehicle Development
Mar 11, 2016 Venture Beat - General Motors acquires self-driving car startup Cruise Automation, reportedly for $1B+
General Motors acquires self-driving car startup Cruise Automation, reportedly for $1B+
Mar 11, 2016 The Verge - GM aims to speed up self-driving car development by buying Cruise Automation
GM aims to speed up self-driving car development by buying Cruise Automation
Mar 11, 2016 Fortune - GM Buying Self-Driving Tech Startup for More Than $1 Billion
GM Buying Self-Driving Tech Startup for More Than $1 Billion
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General Motors Other Acquisitions

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Date Acquired Amount
Jan 19, 2016
Sidecar Technologies
Sidecar Technologies
 Undisclosed amount
Sep 29, 2010
GM Financial
GM Financial
 Undisclosed amount
Jul 22, 2010
AmeriCredit
AmeriCredit
 $ 3,500,000,000
Jun 27, 1984
EDS (Electronic Data Systems)
EDS (Electronic Data Systems)
 $ 2,600,000,000
Jul 29, 1909
Cadillac
Cadillac
 $ 4,500,000
View more acquisitions »