{"id":2858,"date":"2018-10-04T04:22:09","date_gmt":"2018-10-04T04:22:09","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/honda-to-invest-2-8bn-in-gms-self-driving-car-unit\/"},"modified":"2018-10-04T04:22:09","modified_gmt":"2018-10-04T04:22:09","slug":"honda-to-invest-2-8bn-in-gms-self-driving-car-unit","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/honda-to-invest-2-8bn-in-gms-self-driving-car-unit\/","title":{"rendered":"Honda to invest $2.8bn in GM’s self-driving car unit"},"content":{"rendered":"\n
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\n Reuters<\/span><\/p>\n

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\n GM has done extensive testing of its Cruise robot cars in cities and on busy roads
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Honda will invest $2.75bn (\u00a32.1bn) and take a stake in General Motors self-driving unit, GM Cruise, as firms continue to team up in the race to develop autonomous vehicles.<\/p>\n

The Japanese carmaker said it wants develop a self-driving car that could be manufactured at high volume.<\/p>\n

Earlier this year, Japan’s Softbank invested $2.25bn in GM Cruise<\/a>.<\/p>\n

Honda’s shares were up 1.2% in early Tokyo trade following the announcement and GM’s shares rose 2.1% in the US.<\/p>\n

Honda will contribute approximately $2bn over 12 years to self-driving vehicle initiatives, which together with a $750m equity investment in Cruise, brings its total commitment to the project to $2.75bn, the two firms said in a statement. <\/a><\/p>\n

Analysts have said that GM is among the leaders in the development of self-driving vehicles. <\/p>\n

Honda’s investment in GM Cruise, together with Softbank’s recent investment, values the firm at $14.6bn. <\/p>\n

GM was criticised for overpaying for it when it bought a majority stake in the start-up two years ago for $1bn.<\/p>\n

Founded by engineer Kyle Vogt in 2013, San Francisco-based Cruise developed Chevy’s first driverless cars, some of which are still on the roads in the US. <\/p>\n

Amid the many concerns over the safety of autonomous vehicle technologies, GM Cruise argues the technology they are working on allows self-driving cars to see more than a human driver would.<\/p>\n

In each car, 10 cameras are installed that take pictures at a frequency of 10 shots per second, the firm says. <\/p>\n

“We see more of what is going on around the car at any given time than a driver can,” GM Cruise said. <\/p>\n<\/p><\/div>\n


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Image copyright Reuters Image caption GM has done extensive testing of its Cruise robot cars in cities and on busy roads Honda will invest $2.75bn (\u00a32.1bn) and take a stake in General Motors self-driving unit, GM Cruise, as firms continue to team up in the race to develop autonomous vehicles. The Japanese carmaker said it … <\/p>\n","protected":false},"author":0,"featured_media":2859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2858"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/2859"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}