General-Motors

  • The next $1 billion startup acquirer won’t be a tech company Crunch Network

    The next $1 billion startup acquirer won’t be a tech company

    Acquisitions starting with a “B” are not uncommon in the tech industry in Silicon Valley. Roughly two to four billion-dollar deals have gone down each quarter (on average) over the last few years. The recent purchases of Cruise Automation by General Motors and Dollar Shave Club by Unilever turned heads for another reason —  the buyers were as non-techie as you can get. Read More

  • Investment opportunities in the autonomous vehicle space Crunch Network

    Investment opportunities in the autonomous vehicle space

    As companies race to make autonomous vehicles a reality, investment activity in the space is heating up. The AV investment landscape is complex. It includes both hardware and software players; it features competitors ranging from early-stage startups to large publicly traded corporations. This article provides a primer for those interested in understanding and investing in the rapidly evolving… Read More

  • Driving the new American century Crunch Network

    Driving the new American century

    The World Economic Forum, the Detroit Auto Show and CES all occurred recently, and each has driven a great deal of discussion around self-driving cars. The expectation is that within a decade we will begin to see autonomous vehicles on the streets and a correlated reduction in accidents, traffic congestion and demand for parking. Read More

  • GM buys self-driving car kit startup Cruise, plans to use tech to make driverless cars

    GM buys self-driving car kit startup Cruise, plans to use tech to make driverless cars

    General Motors (GM) announced today it plans to snap up Cruise Automation, a San Francisco-based startup making sensors that turn regular vehicles into ones that can drive themselves, for an undisclosed sum. The move is part of a big bet for GM in the driverless car industry as several of the major car manufacturers are now racing to implement this type of technology. GM recently formed an… Read More

  • One Sidecar, Up With A Twist Crunch Network

    One Sidecar, Up With A Twist

    I’m old enough that when someone says Sidecar, I immediately think of Cointreau, lemon juice and cognac, shaken and served up. What’s remarkable to me is that the folks at GM, one of the country’s most venerable industrial enterprises, heard “Sidecar” and instead saw an interesting enough opportunity to find $39 million in cash to buy a shuttered company. Read More

  • GM Unveils Maven, Its Big New Play In Car-Sharing Services

    GM Unveils Maven, Its Big New Play In Car-Sharing Services

    General Motors has taken the wraps off its latest move to put itself into the next generation of transportation. Today the company launched Maven, a new program that brings together the company’s various efforts in car-sharing services, along with a team of 40 from within the car technology industry and people brought in from Google, Zipcar and Sidecar to develop more sharing… Read More

  • GM Confirms Sidecar Acquisition As Auto Makers Take Tech Ambitions Up A Gear

    GM Confirms Sidecar Acquisition As Auto Makers Take Tech Ambitions Up A Gear

    Hot on the heels of its $500 million investment in transportation startup Lyft, General Motors has acquired select assets of Sidecar, a would-be Uber and Lyft competitor that went bust in December with a hint that this was not the end. The GM news, first reported by Bloomberg, was confirmed to TechCrunch directly by GM. “In connection with Sidecar ceasing operations, we can confirm that… Read More

  • With Detroit Taking A Lyft In A Driverless Car, What’s Next For Cities? Crunch Network

    With Detroit Taking A Lyft In A Driverless Car, What’s Next For Cities?

    Transportation and geography have always been intertwined. Specifically, the auto industry, with Detroit being the prime example, was once more tightly tied to place. The same can be said for the tech industry, which still maintains a dominance largely in Silicon Valley. Until very recently, these industries were distinct: tech was tech and transportation was transportation and never the… Read More