The $19 billion valuation comprises over one-third of GM’s market value of roughly $54 billion. GM stock is up 25 percent this year, and company shares were up over 1% in morning trading Tuesday.
General Motor’s self-driving car division Cruise said Tuesday it received a $1.15 billion investment, raising the unit’s value to $19 billion.
The money comes from existing investors GM, SoftBank Vision Fund and Honda as well as funds and accounts advised by T.
