General Motors and Honda will team 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 $3.53 billion in the autonomous vehicle unit run by General Motors Co., called GM Cruise. The goal, the companies said Wednesday, is to develop an autonomous vehicle that can be produced at a high volume for global deployment. GM has been widely viewed as being in second place in the autonomous vehicle race, with Google's Waymo on top. Waymo and Fiat Chrysler also said that they were discussing the use of Waymo technology in Fiat-Chrysler self-driving vehicles that would be sold to the public.

Source: CBC News October 03, 2018 15:00 UTC