FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo
WASHINGTON - A U.S. national security panel on Friday approved a $2.25 billion investment by Japan’s Softbank in Cruise, a self-driving vehicle firm majority owned by GM, the unit told Reuters, signaling some leeway for investors with deep ties to China. The panel, known as CFIUS, approved the investment based on fresh assurances that Cruise’s technology would be completely off limits to SoftBank, whose investments in Chinese mobility firms have rattled U.S. authorities, a source familiar with the matter said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: