Honda Putting $2.75 Billion Into G.M.’s Self-Driving Venture
is investing $750 million in GM Cruise
autonomous vehicle project immediately, and an additional $2 billion over the next 12 years. GM acquired Cruise for what has been reported as $1 billion in 2016. Honda flirted with Waymo
, the spinoff of Google, but now is partnering with GM. They hope to bring driverless cars to market in the next few years.
Called MONET — after ‘mobility network’ — the joint venture will essentially assign autonomous vehicles to various different “just in time” services. That just in time caveat essentially means more than on-demand. SoftBank suggests it’ll mean that services are performed in transit. That could be food prepared as it is delivered, hospital shuttles that host medical examinations, or mobile offices, according to examples given by SoftBank.