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General Motors (GM) completes the acquisition of Cruise Automation, a Silicon Valley-based company specializing in autonomous-vehicle technology. The deal, valued at over $1 billion, accelerates GM's self-driving car development efforts. This strategic move positions GM to compete with tech giants such as Apple, Uber, and Alphabet's Google car program in the rapidly evolving autonomous vehicle market. Further details of the acquisition will be disclosed with GM's second-quarter financial results.
Thursday, 10 March, 2016