Automotive

GM Plans $14mln Investment for Self-Driving Tech

14 April 2017

General Motors plans to invest $14 million in a new research and development facility for Cruise Automation in San Francisco. The investments are expected to allow Cruise Automation to expand development of self-driving technologies.

Cruise Automation and GM engineers are currently testing more than 50 Chevrolet Bolt EVs with self-driving technology on public roads in San Francisco; Scottsdale, Ariz.; and metro Detroit.

The investment will include repurposing an existing facility in San Francisco that will more than double Cruise Automation’s R&D space. The Cruise Automation team plans to move into the new space by the end of the year and hire more than 1,100 employees over the course of the next five years.

California's Office of Business and Economic Development (GO-Biz) allocated an $8 million tax credit to GM Cruise for this expansion.

GM acquired Cruise Automation in March 2016 to strengthen the company’s software development capabilities and accelerate development of self-driving vehicle technology.

To contact the author of this article, email david.wagman@ieeeglobalspec.com


Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Our flagship newsletter covers all the technologies engineers need for new product development across disciplines and industries.
Advertisement
Advertisement

Upcoming Events

Advertisement