General-Motors Archive

GM’s car sharing company Maven hits the streets of San Francisco

Maven, a car sharing company out of General Motors, is driving its way into San Francisco today. The announcement made late Thursday evening is one part of a continued roll-out in several cities throughout the U.S., which started at the beginning of this year. It’s city based car sharing service called Maven City is now available in nine cities throughout the nation, joining Lyft’s new …

Full speed ahead for transport VCs

Transportation investment has moved into the fast lane. Venture and growth investing in transport-related companies accelerated in the third quarter, fueled by momentum in the autonomous driving and ride-hailing spaces, as well as the prospect of big acquisitions. VCs and seed investors poured more than $6.2 billion into more than 150 companies across the globe with transportation-related business models in Q3, according to Crunchbase data. …

The end of the automotive supply chain

Over the next 10 years, the differentiating source of supply and value in the automotive industry will not be car parts or engines. Instead, it will be a network of software developers. The autonomous car will be here before we know it. Tesla autonomous technology has already amassed 100 million-plus miles. Legacy car manufacturer General Motors joined the action by acquiring self-driving startup Cruise. Apple has …

The next $1 billion startup acquirer won’t be a tech company

Acquisitions starting with a “B” are not uncommon in the tech industry in Silicon Valley. Roughly two to four billion-dollar deals have gone down each quarter (on average) over the last few years. The recent purchases of Cruise Automation by GM and Dollar Shave Club by Unilever turned heads for another reason: The buyers were as non-techie as you can get. The Renaissance Center in Detroit  — …