Cruise acquires Voyage in another autonomous vehicle merger
Cruise, a majority-owned subsidiary of General Motors, will acquire self-driving startup Voyage in another major autonomous vehicle merger. The announcement came less than a week after news first surfaced that the two companies were in talks about an acquisition. The terms of the deal were not disclosed.
Cruise mainly operates its autonomous vehicles in dense, urban settings like downtown San Francisco, while Voyage oversees a fleet of low-speed autonomous vehicles providing trips to residents of several retirement communities. Both companies have tested their vehicles without a safety driver behind the wheel and aspire to launch full-fledged commercial robot taxi services.
The self-driving industry is consolidating"
The self-driving...