TOKYO -- Honda Motor has pledged to invest a total of $2.75 billion in a partnership with General Motors for autonomous-driving technology, aiming to parlay the U.S. automaker's massive driving data into innovations that challenge Google and Apple.
In a deal announced on Wednesday, the Japanese automaker is taking a 5.7% stake in GM's self-driving unit Cruise Holdings for $750 million, and will put up an additional $2 billion toward the project over the next 12 years. The goal is to develop driverless taxis, with an eye to eventually offering automated taxi services across the globe.
