GM Launches VC Firm General Motors Ventures LLC

Posted Jun 4, 2010

General Motors has formed a venture capital subsidiary called Geenral Motors Ventures LLC. GM plans to invest in start-ups that develop technologies in the automotive sector. The initial investment General Motors Ventures LLC will start with is $100 million. The subsidiary will be led by GM VP of global product planning Jon Lauckner. Lauckner will report to GM vice chairman of corporate strategy Stephen Girsky. [Reuters]