• CNBC reports that Walmart is making an investment in General Motors' Cruise self-driving vehicle subsidiary, though the exact size of the investment has not been disclosed.
The story says that Cruise now has a valuation of about $30 billion; the Walmart investment is part of a new $2.75 billion funding round.
“This investment is a marker for us – it shows our commitment to bringing the benefit of self-driving cars to our customers and business,” Walmart U.S. CEO John Furner said in a blog post.
Walmart has been doing a test with Cruise for deliveries in Scottsdale, Arizona. The company also said it will continue to work with other autonomous vehicle companies.
• Walmart announced that it will run a test with the la Madeleine French Bakery & Café company, testing a la Madeleine Express concept in 10 stores in the Dallas-Fort Worth market. The concept will have both a grab-and-go and sit-down functionality, as well as offer some of the brand's more popular items as packaged products for home consumption.
