GM going after tech with new venture capital subsidiary
Filed under: Technology, GM
General Motors has announced a new project aimed at sourcing and encouraging new automotive technologies. The company has set up a venture capital subsidiary under the General Motors Ventures, LLC banner, and it plans to use its new arm to bring a slew of new tech to market. What kind of goodies are we talking about? We honestly have no idea, but it’s clear the General is interested in everything from fuel-saving engineering to new infotainment gear.
GM says that the new organization will be headed up by Vice President Jon J. Lauckner. The guy will still retain his standard VP duties, but will also be responsible for directing exactly where the new $100 million venture capital firm goes over the next few years. Hit the jump for the short press release.
[Source: GM]
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GM going after tech with new venture capital subsidiary originally appeared on Autoblog on Fri, 04 Jun 2010 13:59:00 EST. Please see our terms for use of feeds.
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