GM and Honda are joining forces on self-driving cars with a $750 million Honda investment making GM Cruise worth $14.6 billion (GM)
GM will join Honda in developing a “purpose-built autonomous vehicle” for Cruise, GM’s self-driving division.
Honda says it will invest $2 billion over 12 years, with an additional $750 million invested in Cruise.
Honda’s equity investment raises Cruise’s valuation to $14.6 billion.
General Motors announced Wednesday that it has allied with Honda to pursue a shared self-driving future.
Honda will invest $2 billion over 12 years in the collaboration with GM’s Cruise autonomous division, with an additional $750 million equity investment that brings Cruise’s valuation to $14.6 billion.See the rest of the story at Business Insider
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