General Motors and Honda are teaming up on self-driving vehicle technology as big automakers and tech giants race to be first in their development.
Honda Motor Co. will invest $2.75 billion in the autonomous vehicle unit run by General Motors Co., called GM Cruise.
[Ads /]
The goal, the companies said Wednesday, is to develop an autonomous vehicle that can be produced at a high volume for global deployment. The companies will also explore global opportunities for commercial deployment of the Cruise network.
[Ads /]
Honda will make an immediate investment of $750 million, and spend $2 billion over 12 years on the project.