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GM's Cruise receives new USD 1.15 billion investment

On March 7, GM Cruise LLC announced USD 1.15 billion in new funding as it works to launch a robo-taxi service.
The new investment in Cruise, which brings the driverless car operation's post-money valuation to USD 19 billion, was led by funds advised by T. Rowe Price Group Inc., and existing Cruise partners SoftBank V....

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