• Honda commits $2.75 billion in partnership with GM's Cruise

    8 monthes ago - By Tech Crunch

    Honda will commit $2.75 billion as part of an agreement with GM's self-driving technology subsidiary Cruise to develop a new autonomous vehicle.
    The vehicle will be produced at high volume for global deployment, the companies said in announcement Wednesday.
    As part of the agreement, Honda will invest $2 billion over the next 12 years into the effort. Honda's investment of $750 million values Cruise at $14.6 billion.
    The three companies plan to “explore global opportunities for commercial deployment of the Cruise network.”
    “This is the logical next step in General Motors and Honda's...
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