The Car and Truck Fleet and Leasing Management Magazine

GM to Acquire Autonomous Vehicle Tech Firm

March 11, 2016

General Motors President Dan Ammann (right) with Cruise Automation co-founders Kyle Vogt (center) and Daniel Kan (left). Photo courtesy of GM.
General Motors President Dan Ammann (right) with Cruise Automation co-founders Kyle Vogt (center) and Daniel Kan (left). Photo courtesy of GM.

General Motors Co. announced plans to acquire Cruise Automation, a San Francisco-based company focused on autonomous vehicle technology.

The move is aimed at further accelerating GM’s development of self-driving cars. GM cited Cruise’s “deep software talent and rapid development capability” in announcing the acquisition plans.

“Fully autonomous vehicles can bring our customers enormous benefits in terms of greater convenience, lower cost and improved safety for their daily mobility needs,” said GM President Dan Ammann.

Cruise will operate as an independent unit within GM’s recently formed autonomous vehicle development team. Led by Doug Parks, GM vice president of autonomous technology and vehicle execution, the unit will continue to be based in San Francisco. 

Founded in 2013, Cruise has moved quickly to develop and test autonomous vehicle technology in San Francisco’s challenging city environment.

“GM's commitment to autonomous vehicles is inspiring, deliberate, and completely in line with our vision to make transportation safer and more accessible,” said Kyle Vogt, founder of Cruise Automation. “We are excited to be partnering with GM and believe this is a groundbreaking and necessary step toward rapidly commercializing autonomous vehicle technology.” 

“Cruise provides our company with a unique technology advantage that is unmatched in our industry,” added Mark Reuss, GM executive vice president of global product development, purchasing and supply chain. “We intend to invest significantly to further grow the talent base and capabilities already established by the Cruise team.”

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Tesla Motors is an electric vehicle manufacturer founded in 2003.

Read more

Accident Costs Calculator

DO YOU KNOW HOW MUCH REVENUE IT TAKES TO OFFSET FLEET ACCIDENT COSTS?
Use this calculator to see how much extra sales revenue your company needs to generate to make up for the profits lost as a result of fleet accidents.
Launch Accident Cost Calculator 

Up Next

More From The World's Largest Fleet Publisher