General Motors and Honda are teaming up on self-driving vehicle technology as big automakers and tech giants race to develop the next generation of personal transportation.
Japan's Honda Motor Co. will invest $2.75 billion in the autonomous vehicle unit run by General Motors Co., called GM Cruise, which is considered a leader in the nascent industry.
The goal, the companies said Wednesday, is to develop an autonomous vehicle that can be produced at a high volume and deployed globally. They will also explore commercial ways to use the Cruise network around the world.
The partnership comes as the main players in the autonomous vehicle space shift their focus from...