GM to acquire Cruise Automation to speed driverless car strategy

Q.  Which corporate major has won US antitrust approval for the purchase of Silicon Valley startup Cruise Automation, the Federal Trade Commission said on 28th March?
- Published on 29 Mar 16

a. Cruise Automation
b. GM
c. GE
d. Toyota

ANSWER: GM
 
Detroit based GM has decided to close in on the Cruise Automation deal which has just won the US antitrust approval. Deal has been reported to be worth USD 1 billion in cash and stock. Deep software talent of Cruise Automation is a asset the company is acquiring.

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