Friday, October 5, 2018

Honda Partners with General Motors and Cruise to Develop Autonomous Vehicles


Honda, General Motors, and Cruise are joining forces to develop and deploy large-scale autonomous vehicle technology.

With this partnership, Honda will work jointly with Cruise and General Motors to fund and develop a purpose-built autonomous vehicle for Cruise that can serve a wide variety of use cases and be manufactured at high volume for global deployment. In addition, Cruise, General Motors and Honda will explore global opportunities for commercial deployment of the Cruise network.

Honda will contribute approximately USD 2 billion (~ P 108 billion) over 12 years to these initiatives. At the same time, it will have a USD 750 million (~ P 40 billion) equity investment in Cruise.

“This is the logical next step in General Motors and Honda’s relationship, given our joint work on electric vehicles, and our close integration with Cruise,” said General Motors Chairman and CEO Mary Barra. “Together, we can provide Cruise with the world’s best design, engineering, and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology while they move to deploy self-driving vehicles at scale.”

“Honda chose to collaborate with Cruise and General Motors based on their leadership in autonomous and electric vehicle technology and our shared vision of a zero-emissions and zero-collision world,” said Honda Executive Vice President and Representative Director COO Seiji Kuraishi. “We will complement their strengths through our expertise in space efficiency and design to develop the most desirable and effective shared autonomous vehicle.”

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