General Motors Co. (NYSE: GM) Hooks Up With

General Motors Co. (NYSE: GM) shares rallied nearly 10% after the company entered into a long-term strategic relationship with Microsoft Corp. (Nasdaq: MSFT) to accelerate the commercialization of self-driving vehicles. As part of the relationship, Microsoft will join General Motors, Honda Motor Co. (NYSE: HMC) and institutional investors in a combined new equity investment of more than $2 billion in GM’s Cruise vehicles, bringing the post-money valuation to $30 billion.