GM and Honda Partner to Build Autonomous Vehicles Honda will invest $2.8 billion over the next 12 years to the partnership, as it takes a 5.7% stake in the General Motors subsidiary, Cruise Holdings. Cruise Holdings is GM’s<br />self-driving car company. The two automakers hope to<br />speed up the deployment of self-driving<br />cars to major cities in 2019. GM previously promised pilots for<br />ride-sharing autonomous vehicles<br />in some cities by late 2019. The U.S. and Japanese automakers were already working together to develop electric car batteries and hydrogen fuel cells. Together, GM and Honda will determine<br />how they can commercialize Cruise<br />across global markets. GM had already received a $2.25 billion investment from SoftBank Vision Fund<br />for the self-driving subsidiary. After both the Honda and SoftBank deals, Cruise is valued at $14.6 billion.
