The company has agreed to pay $750mn in advance for the minority stake in Cruise and will also contribute another $2bn over the next 12 years.
As part of the deal, Honda, GM and Cruise will develop autonomous vehicles in a joint venture with the aim of deploying ride services fleets around the world.
In a media briefing on Wednesday (3rd October), GM President Dan Ammann announced that 2019 remains the target for GM Cruise to unveil an autonomous ride services fleet.
