Honda cuts funding to robotaxi venture with Cruise and GM in Japan

Quick Summary:

Honda Motor Co.will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now that GM has pulled the plug on Cruise and its commercial robotaxi ambitions, reports The Nikkei.

In January 2024, Honda’s CEO said he expected the Japanese automaker to debut AVs closer to the end of the decade.

GM said it plans to buy back shares from minority stakeholders and increase its ownership stake to more than 97%.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesJapan

Topics: Honda Autonomous vehicles Transportation General Motors Cruise Robotaxi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 21:37:32 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 191 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24362359

View Article Analysis

About TechCrunch

Main Topics: Technology

Official Website: techcrunch.com

Update Frequency: 49 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #20

Publisher Details

Frequently Asked Questions