Exclusive: U.S. panel okays SoftBank's $2.25 billion investment in GM-linked self-driving firm

 Exclusive: U.S. panel okays SoftBanks Exclusive: U.S. panel okays SoftBank's $2.25 billion investment in GM-linked self-driving firm.25 billion investment in GM-linked self-driving firm

By Alexandra Alper and Greg Roumeliotis

WASHINGTON (Reuters) - A U.S. national security panel on Friday approved a $2.25 billion investment by Japan's Softbank in Cruise, a self-driving vehicle firm majority owned by GM, the unit told Reuters, signalling some leeway for investors with deep ties to China.

The panel, known as CFIUS, approved the investment based on fresh assurances that Cruise's technology would be completely off limits to SoftBank, whose investments in Chinese mobility firms have rattled U.S. authorities, a source familiar with the matter said.

(Additional Reporting by David Shepardson; Editing by Cynthia Osterman)

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Updated Date: Jul 06, 2019 07:05:07 IST