Mary Barra

GM to explore listing shares of self-driving unit

GM to explore listing shares of self-driving unit

General Motors is having early discussions internally and with banks about strategic options for its self-driving car unit Cruise Automation, according to people familiar with the matter.

The largest U.S. automaker is researching possibilities including a public offering of shares, listing a separate tracking stock to reflect its value, or spinning off the unit, said the people, who asked not to be identified because the discussions are private. GM won't make a decision until Cruise is further along in development and may not take any action for a couple of years, if at all.

While a public offering may be well into its future, the exploration shows how far Cruise has come...

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