General Motors (GM) has provided a $5 billion line of credit to Cruise, its self-driving subsidiary. Cruise plans to launch a self-driving ride-hailing service. It intends to use the credit line to expand its fleet of Cruise Origin vehicles and scale up operations over the next few years. The Origin is a self-driving electric vehicle. GM will manufacture the vehicle and has started assembling about 100 Origins for testing and validation. At the same time, the automaker is preparing a factory to produce the Origins by the tens of thousands.
https://www.tipranks.com/news/gm-extends-5b-credit-line-to-self-driving-subsidiary-cruise
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