Honda partners with GM to develop self-driving cars

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@mybroadband—Honda has invested $2.75 billion with General Motors’ self-driving unit.

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 with Honda to develop a "purpose-built autonomous vehicle" for Cruise, GM's self-driving division. Honda 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...