GM has announced the formation of a venture capital subsidiary called General Motors Ventures, LLC, which will be dedicated to discovering next-gen auto technology. Initially funded with $100 million, General Motors Ventures is looking for companies that can offer futuristic innovations similar to those found in the Chevy Volt.
General Motors Ventures has announced Jon Lauckner as its president. Lauckner was previously the vice president of global program management at GM, and was behind the development of the Chevy Volt from its earliest stages.
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