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.
San Francisco transport authorities on Thursday raised concerns about the safety record of Tesla's advanced driver assistant system.
Tesla began sending out over-the-air software updates for its long-awaited “Full Self-Driving” beta version 9. Know more.
Amazon-owned autonomous vehicle firm Zoox has unveiled an electric, autonomous robo-taxi that is capable of moving at up to 75 mph.