Why General Motors Just Bought a Self-Driving Sensor Company

General Motors (NYSE: GM) announced on Monday that it has acquired Strobe, Inc., a company that has been developing advanced lidar sensor systems for self-driving cars.

Strobe's technology has the potential to drastically reduce the costs of the sensor hardware needed for fully autonomous vehicles, as well as the physical size of the sensor units themselves. The acquisition gives GM exclusive access -- and brings GM one step closer to mass-producing self-driving cars.

GM's acquisition of Signal gives it a key piece of technology critical to mass-producing self-driving cars. Image source: General Motors.

Source: Fool.com