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GM Acquires Driverless Tech Start-up Strobe


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(RTTNews.com) - General Motors Co., ( GM ) Monday said it acquired LIDAR technology company Strobe Inc. Terms of the acquisition were not disclosed.

As part of the deal, the three-year-old Pasadena, California-based company's engineering talent joins GM's Cruise Automation team to develop LIDAR solutions for self-driving vehicles, the company said.

LIDAR-- Light Detection and Ranging-- is laser-based remote sensing method that allows driverless vehicless to examine the surface of the Earth.

Last week, GM had announced its plans to go "all-electric, with the automaker to roll out a total of 20 new all-electric vehicles by 2023.

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This article appears in: World Markets , Stocks
Referenced Symbols: GM


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