Cruise to Acquire Voyage in Autonomous Vehicle Merger
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Cruise, a majority-owned subsidiary of
General Motors (NYSE: GM), is set to acquire Voyage in a major autonomous vehicle merger. Neither company has disclosed terms and Cruise spokesman Ray Wert refused to comment on the financial details of the deal.
Voyage is a self-driving start-up that operates within retirement communities. However it is unknown if Cruise will continue this practice. According to Wert “communities in which they operate are not on our immediate roadmap.” Nevertheless, most of Voyage’s 60 team members are anticipated to join Cruise, Wert said.
“Voyage is tightly aligned to our mission, and shares our mindset around safety, accessibility, cost and convenience for customers,” Wert said in an email. “Their talented team is highly productive and resourceful, with direct experience in developing a full-stack AV solution that will help accelerate our efforts to build the world’s most advanced self-driving vehicles.”