GM acquired Cruise in 2016 to speed up development of autonomous cars (Photo: GM) Softbank will invest $1.1 billion in GM Cruise Holdings, adding more financial muscle to General Motors' plan to ready autonomous-driving technology for commercial implementation in 2019. The US automaker is also committing an additional $2.25 ...
The announcement follows news last week that Deutsche Telekom intended to buy MetroPCS, another US wireless communications group. Both moves underscore the continuing transformation of the US wireless market. SoftBank, a Japanese telecommunications group, said it would pay 12.1 billion dlrs to Sprint shareholders and make available 8.0 billion dlrs ...