More On That General Motors VC Fund
General Motors today announced that it is launching a venture capital fund focused on the automotive and transportation sectors, with an initial commitment of $100 million. It will be led by Jon Lauckner, who previously served as GM’s vice president for global product planning. I spent a few minutes on the phone with Lauckner, and learned the following: * The fund will have a fairly broad focus within the transportation framework. This means that it could invest in everything from batteries to biofuels to Bluetooth. * On that last point, Lauckner said: "The envelope of automotive technology is ever-epanding, particularly the area of what we call infotainment. More and more technology is making its way from home and business applications into cars, and drivers want to have that functionality."
