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GM is throwing even more money at EVs and autonomous vehicles

GM is throwing even more money at EVs and autonomous vehicles

General Motors plans to dramatically increase its spend on electric vehicles and autonomous driving, pledging $35 billion through 2025 as it races to bring new EVs to market. The company had previously said it would spend $27 billion in the same period, and will now pull forward battery manufacturing plans for its Ultium platform.

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Cruise cuts $5 billion deal to pay for its autonomous Origin EV robotaxis

Cruise cuts $5 billion deal to pay for its autonomous Origin EV robotaxis

Autonomous vehicle company Cruise is figuring out how to pay for its fleet of self-driving electric taxis, and it turns out that's a little easier when you already have a foot in the door with GM's big financial division. The company - which is backed by GM, Honda, and others - has cut a deal with GM Financial for a $5 billion line of credit, it announced today.

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Waymo and Cruise want to start charging for their autonomous taxi rides

Waymo and Cruise want to start charging for their autonomous taxi rides

Both Waymo and Cruise have been operating in San Francisco for a while. Since they launched, both companies have been offering free rides in the area to people willing to get driven around in an autonomous taxi. However, it would appear both companies are now looking to start making money off of their autonomous fleets.

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