Honda is investing $2 billion over 12 years in General Motors's self-driving cars.
Honda and GM's autonomous vehicle subsidiary Cruise have been collaborating in the development of self-driving versions of GM's Chevrolet Bolt EV electric car, which are expected to be available for public use next year. But what could potentially put the two companies in the fast lane is their latest partnership where they plan to build an apparently one-of-a-kind vehicle that might not require human controls at all.
Additionally, Honda has bought a $750 million equity stake in Cruise, which also received $2.25 billion funding from Japanese investment bank Softbank.
Earlier there were rumors of Honda in talks with Waymo, the self-driving unit of Google parent company Alphabet, to build a self-driving delivery car. But the official announcement of the Honda-GM collaborations might be causing rivals in the self-driving space to sit up and take notice.