GM starts own VC company

General Motors Co. has set up its own venture capital company with $100 million to invest in companies that are developing new auto-related technology.

Updated on: Jun 4, 2010, 21:49:12 IST

AP | By HT Correspondent, Detroit

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General Motors Co. has set up its own venture capital company with $100 million to invest in companies that are developing new auto-related technology. The automaker announced the formation of General Motors Ventures LLC in a statement released on Friday.

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