Honda Invests $2.75 Billion Into General Motors Autonomous Driving Program

Honda Motor Co. will invest $2.75 billion into General Motors' autonomous vehicle operations.

The Japanese automaker will receive a 5.7 percent stake in GM Cruise LLC for the investment, which includes an immediate $750 million and another $2 billion for development and deployment of self-driving vehicles over the next 12 years, GM said in a news release on Wednesday.

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TomM - 10/3/2018 5:20:19 PM

+2 Boost

Eventually - all of these autonomous systems are going to have to communicate and work with each other.

Clearly - Honda believes its own efforts were insufficient in the segment and that they could not come even with even a $3 billion dollar or so investment - so get a partner. I always thought that - at the time - it would have been better for GM to have bought Honda itself - rather than try to clone it with Saturn - and I still believe they could eventually get together on other projects. Note - both GM and Honda are also big in Hydrogen Powered vehicles

Truthy - 10/3/2018 5:33:10 PM

+2 Boost

Well, this is a marriage I never expected. Kinda like Pete Davidson andand Ariana Grande.

MrEE - 10/3/2018 8:40:34 PM

+2 Boost

This is as smart as going all in with Takata airbags.

MDarringer - 10/3/2018 10:10:41 PM

0 Boost

A GM/Honda link up is brilliant. They flushed the turd that Opel is to the idiots in France and then team up with the smart kid.