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Sharing More Than Just Rides in Car-Maker Alliances

WSJ.com: WSJD - TechnologyOct-18-2018, 00:08:04 GMT

GM GM -1.27% said this month it would partner with Honda Motor Co. HMC -0.45% to develop a fully automated car. As part of the deal, Honda committed to investing $2.75 billion in GM's self-driving-car unit GM Cruise LLC over the next 12 years. The investment comes on top of a commitment to Cruise of more than $2 billion from SoftBank Group Corp.'s Vision Fund in May. GM bought Cruise in 2016 and also invested in ride-hailing company Lyft Inc. that year. Toyota TM -0.26% is investing $500 million in Uber Technologies Inc. as part of an agreement to collaborate on self-driving-car technology.

artificial intelligence, auto maker, car-maker alliance, (16 more...)

WSJ.com: WSJD - Technology

Country:

North America > United States > California (0.41)
Asia > Singapore (0.05)
Asia > China (0.05)

Industry:

Transportation > Passenger (1.00)
Transportation > Ground > Road (1.00)
Information Technology (1.00)
Automobiles & Trucks > Manufacturer (1.00)

Technology: Information Technology > Artificial Intelligence > Robots > Autonomous Vehicles (1.00)

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