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GM’s Cruise raises $1.15 billion at $19 billion valuation

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(Reuters) — General Motors’ majority-owned Cruise self-driving division on Tuesday said T. Rowe Price and a group of existing investors put down $1.15 billion...

Drone company DJI loses $150 million to corruption

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(Reuters) — China’s DJI, the world’s largest maker of consumer drones, has discovered several cases of serious corruption at the company and expects 2018 losses...

Driverless vehicle startup Nuro begins delivering groceries to Kroger customers in...

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(Reuters) — U.S. supermarket chain Kroger said on Tuesday it has started using unmanned autonomous vehicles to deliver groceries in Scottsdale, Arizona in partnership with...

Honda steers $2 billion into GM’s Cruise self-driving cars

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Honda will invest $2 billion and take a 5.7 percent stake in General Motors’ Cruise self-driving vehicle unit, to jointly develop self-driving vehicles for...

Toyota invests $500 million into Uber self-driving car program

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(Reuters) — Toyota will invest $500 million in Uber to jointly work on developing self-driving cars, a source familiar with the matter said on...

Elon Musk may face bigger regulatory headache after killing plan to...

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(Reuters) — Tesla Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory...