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Wednesday, October 3, 2018

Honda will invest $2.75B in GM's Cruise self-driving car business

Concept rendering for Cruise purpose-built self-driving carIn the race to develop the world's first safe, reliable and robust driverless ride-hailing service, General Motors and its Cruise self-driving car unit just received major backing from rival automaker Honda. The companies announced Wednesday that Honda will invest $2.75 billion in the Cruise unit over the next 12 years, with $750 million of the...

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