DETROIT – General Motors has completed its previously announced acquisition of GM Cruise Holdings LLC after the approval of GM’s merger offer by the Cruise Board of Directors.
Now a wholly owned subsidiary of GM, Cruise will work collaboratively on autonomous vehicle technology and advanced driver assistance systems for personal vehicles, a news release states.
GM will integrate Cruise technology into the Super Cruise assisted driving system. Super Cruise is available on more than 20 GM vehicle models.
GM and Cruise will focus on further developing driving assistance technology, expanding Super Cruise to surface streets in urban environments and continuing on a path to personal autonomous vehicles, the release states.
“By combining the specialized technology and talent at Cruise with our team developing Super Cruise, we’ll have the ability to accelerate our work on both assisted-driving and autonomous driving,” said Dave Richardson, senior vice president of software and services engineering. “We look forward to teaming with Cruise to accelerate our work together.”
Pictured at top: Cruise AV, General Motor’s autonomous electric Bolt EV, is seen on Jan. 16, 2019, in Detroit. (AP Photo | Paul Sancya, File)