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GM Up 9% After Deal With Microsoft Revealed

Video Credit: Wochit News - Duration: 00:27s - Published
GM Up 9% After Deal With Microsoft Revealed

GM Up 9% After Deal With Microsoft Revealed

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.


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