GM has a new partner to put self-driving vehicles on the road.
Honda will invest $2.75 billion into General Motors’ autonomous vehicle operations.
Honda will receive a 5 percent stake in GM Cruise for the investment, for development and deployment of self-driving vehicles over the next 12 years.
Cruise says the company has already started “quietly prototyping a ground-breaking new vehicle over the past two years that is fully released from the constraints of having a driver behind the wheel.”
GM says it’s aiming at putting a new vehicle under the Cruise line on the road, possibly next year.
Analyst Michelle Krebs at Autotrader says this may not be the only new wrinkle. Krebs says she thinks the new vehicle could be a hydrogen fuel-cell. The two companies have been working on fuel cell development.
