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Honda Putting $2.75 Billion Into G.M.’s Self-Driving Venture

Written by CRETech | Oct 5, 2018 12:42:39 PM

In the race to develop self-driving cars, General Motors has picked up another hefty ally.

Honda, the Japanese automaker, has agreed to buy a $750 million stake in G.M.’s autonomous vehicles unit, G.M. Cruise Holdings, the two companies said Wednesday. In addition, Honda will contribute $2 billion to the project over the next 12 years.