General Motors on Tuesday presented animation of a futuristic flying Cadillac - a self-driving vehicle which takes off and lands vertically and carries the passenger above the streets and through the air, as part of a digital presentation at the annual Consumer Electronics Show.
Self-driving car maker Cruise and majority shareholder General Motors said on Tuesday they would partner with Microsoft to accelerate the commercialization of driverless vehicles. Conway G. Gittens has more.
General Motors gained as much as 8.9% to a record high on Tuesday. The gain comes on news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from Microsoft. Microsoft joins a number of companies in a $2 billion funding round for Cruise. Tuesday's price is a record-high for GM since it emerged from bankruptcy at the end of the Great Recession. The partnership will accelerate the commercialization of self-driving vehicles.