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GM invests in self-driving startup

Published 07/19/2017, 02:10 AM
Updated 07/19/2017, 02:10 AM
© Reuters.  GM invests in self-driving startup
  • General Motors (NYSE:GM) and Softbank (OTCPK:SFTBY) are among the latest investors in Nauto, a Silicon Valley startup developing software for self-driving vehicles.
  • "Our aim is to provide the data, intelligence and a cloud platform" to automakers that plan to begin putting self-driving cars on the road from 2020," said CEO Stefan Heck.
  • Previous investors included BMW and Toyota, as well as Allianz (DE:ALVG).
  • Now read: Why Are Electric Vehicle Sales Struggling?

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