Honda invests $3.8 billion in GM’s autonomous car division

Cars
10
0

Honda will help General Motors and Cruise, its self-driving car unit, fund and engineer a next-generation autonomous vehicle to be sold throughout the world.

Honda will plow roughly US$2 billion ($2.8 billion) into Cruise over the next 12 years, and is also investing US$750 million ($1 billion) upfront for a 5.7 per cent share in the self-driving unit.

The two automakers will work with Cruise to develop a new purpose-built autonomous vehicle (teased above), which can be employed in a large variety of cases and “be manufactured at high volume for global deployment”.

Dan Ammann, GM president, told Automotive News and other news services Cruise’s next-generation car will be “free from the constraints of having to think about vehicle design and having a driver at the wheel, and all the traditional approaches to that”.

“We will complement their strengths through our expertise in space efficiency and design to develop the most desirable and effective shared autonomous vehicle,” Seiji Kuraishi, one of Honda’s vice presidents, said in a prepared statement.

GM and Honda will soon be producing hydrogen fuel cells together, and are also collaborating on next-generation battery technology.

Facebook Comments

Comments are closed.