Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise

Japan July 6, 2019 / 12:43 PM / Updated 18 hours ago Exclusive: U.S. clears SoftBank's $2.25 billion investment in GM-backed Cruise Alexandra Alper, Greg Roumeliotis 5 Min Read (Reuters) - Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo

(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. SoftBank has come under increasing U.S. scrutiny over its ties to Chinese firms in the face of an escalating trade […]

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