, Columnist
Carmakers Throw Money at the Future of Driving
Honda and Toyota’s investments in autonomous vehicles could prove to be pricey endeavors.
Is Honda backing the right horse?
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Japan Inc. is leaping into the future of cars, courtesy of SoftBank Group Corp.
On Wednesday, Honda Motor Co. announced a $2.75 billion investment in General Motors Co.’s self-driving subsidiary Cruise, a departure from the Japanese carmaker’s tight-fisted approach to technology spending. That follows SoftBank Vision Fund’s $2.25 billion outlay just months ago. With these, GM Cruise is now valued at close to $15 billion.