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GM, Honda Team Up To Produce Self-Driving Vehicles

October 03, 2018 - 8:48 am
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DETROIT (WWJ/AP) - 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.

"We have a very strong and important partnership with Honda and this really continues the very successful partnership and we look forward to working with them as we continue to transform personal mobility around the globe and make those benefits available to everyone," said GM Chairman and CEO Mary Barra.

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.

GM President Dan Ammann said the hope is to have the new Cruise automation deployed next year.

"We're moving as fast as we can," Ammann said. "Our ultimate deployment of this technology will be dated by safety, because it's the single biggest positive impact that this technology can have on the world. So once we're at the right level of safety performance, we'll be ready to deploy."

Honda will make an immediate investment of $750 million, and spend $2 billion over 12 years on the project.