Exclusive: U.S. panel okays SoftBank's $2.25 billion investment in GM-linked self-driving firm

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.

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Reuters /  🏆 2. in İD

That name does not inspire confidence.

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This is a big business mistake to invest in self-driving cars. Wasting money.

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