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Hummer – is rotting on the vine. It’s on GM’s chopping block. AM General and a Chinese language firm are the one involved events and their intentions are uncertain at finest. Nonetheless an incredible unique line of vehicles with strong premium model identification. GM could accomplish that many issues to make it a viable model, however apparently they can not determine it out. Cruise, with forty staff, was launched in 2013 and had raised $20 million in venture capital to this point, founder Kyle Vogt instructed Reuters. GM and Cruise didn’t disclose the value of GM’s acquisition. The know-how website Re/Code cited sources as saying GM paid $1 billion. A GM spokesman declined to touch upon that figure.
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