Friday, 5 July 2019
Exclusive: U.S. panel okays SoftBank’s $2.25 billion investment in GM-linked self-driving firm
By Alexandra Alper and Greg Roumeliotis WASHINGTON (Reuters) - A U.S. national security panel on Friday approved a $2.25 billion investment by Japan's Softbank in Cruise, a self-driving vehicle firm majority owned by GM, the unit told Reuters, signalling some leeway for investors with deep ties to China. The panel, known as CFIUS, approved the investment based on fresh assurances that Cruise's technology would be completely off limits to SoftBank, whose investments in Chinese mobility firms have rattled U.S
The post Exclusive: U.S. panel okays SoftBank’s $2.25 billion investment in GM-linked self-driving firm appeared first on Firstpost.
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