May 7, 2019 / 1:04 PM / 18 days ago

GM Cruise gets $1.15 bln investment from group including SoftBank fund

May 7 (Reuters) - General Motors Co’s majority-owned Cruise self-driving car unit said on Tuesday it received a $1.15 billion investment from a consortium of investors, valuing the subsidiary at $19 billion.

The investment was funded by T. Rowe Price Associates Inc, and existing Cruise partners General Motors, SoftBank Vision Fund and Honda. (Reporting by Ankit Ajmera in Bengaluru)

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