Autonomous Delivery Could Be Around the Corner for Millions of Americans
A $2.75 billion investment by Walmart (NYSE: WMT) and other institutional investors into General Motors' (NYSE: GM) self-driving start-up Cruise may not be earth-shattering news in the stock market, but it's a big deal for GM, Cruise, and the future of autonomous delivery. The companies have invested billions in autonomous vehicles and are now seeing an enormous opportunity in self-driving delivery.
A Cruise partnership with Walmart could be a win-win, as the former tries to build a business and (ultimately) market share in delivery and the latter tries to reach more customers with its online delivery offerings. Here's why the deal could drive billions in revenue for Cruise and eventually even make GM a growth stock again.
Source Fool.com
