Walmart is investing in Cruise, General Motors’ majority-owned self-driving vehicle subsidiary, as part of a new $2.75 billion funding round for the company.
The decision to invest comes about five months after the companies started developing a pilot program to use Cruise self-driving vehicles for deliveries in Scottsdale, Arizona.
Click here to read the story at CNBC.com.
- Who is “Cruise”?
- Why would Walmart invest in Cruise?
- What is distribution?
- Why is distribution important to companies like Walmart?
- How might Cruise help to boost Walmart’s distribution?
- In your opinion, is this a risky investment for Walmart? Why or why not?