GM's standalone unit is about to receive a $ 2.25 billion boost

It took more than a year, but the GM standalone company is about to receive a gigantic cash infusion. Cruise Automation confirmed to Reuters that the Committee on Foreign Investment in the United States (CFIUS) had approved the $ 2.25 billion investment of SoftBank in the driverless technology company. SoftBank will have a place on Cruise's board of directors as a result of the transaction. However, a Reuters One source claimed that SoftBank would not have access to the technology itself – a condition that CFIUS would have posed to the fear that the Japanese company's investments in Chinese technology are compromising US trade secrets.