ADVERTISEMENT
Code: ADMI9423. You need to use promocode. The discount is available only for certain category. There is no minimum order value. The promotion is available for all customers of the store.

Honda is to invest $2.75bn (£2.1bn) 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 wanted to develop a self-driving car that could be mass produced.

It comes as Toyota and Softbank created a new venture to develop transport services using autonomous vehicles.

A series of accidents have left some consumers wary of driverless cars.

‘Mobility services’

Under the tie-up with GM, 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.

Analysts have said that GM is among the leaders in the development of self-driving vehicles.

Earlier this year, Japan’s Softbank invested $2.25bn in GM Cruise. Honda’s investment in GM Cruise, together with Softbank’s recent investment, values the firm at $14.6bn.

Softbank has also announced a partnership with Toyota to provide “new mobility services”, which includes the development of autonomous services.

The Japanese pair have created a joint venture partner called MONET – short for mobility services – that will start with 2bn yen in capital.

It plans to use Toyota’s electric cars to provide autonomous services in the coming years.

“Possibilities include demand-focused just-in-time mobility services, such as meal delivery vehicles where food is prepared on the move, hospital shuttles where onboard medical examinations can be performed, mobile offices,” the companies said.

The rush to develop self-driving technology comes amid some consumer concern over safety.

Uber briefly suspended self-driving cars tests in March after a fatal accident in the US, while a self-driving car owned by Apple was involved in an accident this month.

San Francisco-based GM Cruise, which developed Chevy’s first driverless cars, argues the technology it is working on allows self-driving cars to see more than a human driver would.

In each car, 10 cameras are installed that take pictures at a frequency of 10 shots per second.

“We see more of what is going on around the car at any given time than a driver can,” GM Cruise said.

ADVERTISEMENT
Shop Cape Town Collection!
Shop Plus Size Dresses

Posts You May Like

2019 Chevrolet Volt First Drive: 108 Million Saved
Honda Unveils World’s First Smart Intersection
Report: BMW 8 Series Probably Won’t Get a V-12
727 Cubic Inches and Australian Tire Smoke! – Roadkill Episode 10
2019 Toyota 4Runner
Toyota car fault prompts massive recall
Jaguar Land Rover plans two-week closure as demand falls
Thrash Battle! Van vs Wagon – Roadkill Episode 6
2019 Toyota Tundra
Passing: Know How to Dominate! – The Racing Line Ep. 2
Holden’s 1,340-HP Virtual Race Car Pays Tribute to Historic Bathurst Win
Junkyard Rescue! Saving a 1950 GMC Truck – Roadkill Ep. 31
BMW to take control of China venture Brilliance Automotive
China car sales slump ripples globally
New car sales plunge 20% in September
Spied! BMW 4 Series Convertible Gets a Soft Top
Burt Reynolds Collection Brings Big Bucks at Barrett-Jackson
Tech Advice: Electric vs Mechanical Gauges – Roadkill Extra
Mercedes-AMG Axes the V-12
2018 Dodge Durango 4 R/T Long Term Update 6: Uconnect Bonding