GM, Microsoft lead $2 billion in funding for Cruise, team up on technology

The two companies will collaborate on integrating Aurora's virtual driver onto Kenworth and Peterbilt trucks.

The cash injection comes at a time when the company's expenditures are increasing in the run-up to the start of production.

In a memo distributed Tuesday, the automaker warned that competitive advantages could be "severely diminished or eliminated altogether through malicious or careless disclosure of confidential information."

The incident happened Friday morning at Dyer Auto Auction in Gary, Ind.

Stellantis CEO Carlos Tavares, in an exclusive interview, said the next steps for his new leadership group will be executing cost-saving ideas and completing bottom-up strategic planning.

Michigan is allocating $6 million out of its Transportation Economic Development Fund, with the city contributing $5.7 million, to rebuild deteriorated roads and sidewalks around the plant in response to GM's concerns.

The self-driving company majority owned by GM will use the technology giant's Azure cloud-computing platform to manage its autonomous vehicle network. Honda and other institutional investors are also participating in the new funding round.

The two companies will collaborate on developing frequency modulated continuous wave lidar for the mass market, the Japanese supplier said.

The promotions, which will increase expenses, are a sign of Nissan’s confidence in its outlook as the automaker makes progress in its push to cut $2.8 billion in annual fixed costs.

The two companies will jointly develop cockpits with mobile and mobility service applications and explore testing of autonomous driving.