Honda Invests $2.75 Billion In Gm's Cruise For Self-driving Cars

Honda Invests $2.75 Billion In GM's Cruise For Self-Driving Cars

One of the largest car manufacturers in the world, Honda, is teaming up with Cruise Automation on self-driving cars. Cruise Automation is the self-driving subsidiary of General Motors. The two companies will collaborate on a purpose-built self-driving car that can be useful in many different scenarios and will be easy to produce at scale for a global release. Honda is contributing $2.75 billion for this project.

Toyota Invests $1 Billion In Ride-hailing Service Grab

Toyota Invests $1 Billion In Ride-Hailing Service Grab


If you have ever been to Southeast Asia over the past couple of years then you would have heard about Grab. It’s the leading ride-hailing service in the region, one that gave Uber a tough time and eventually caused it to exit the market. Grab has now received a vote of confidence from Toyota in the form of a $1 billion capital injection as part of its latest funding round.

Grab is raising a new round of funding which is led by Toyota’s contribution of $1 billion. The deal values Grab at $10 billion, according to reports.

Honda Invests Nearly $150 Million To Begin U.s. Production Of New 10-speed Transmission

Honda Invests Nearly $150 Million to Begin U.S. Production of New 10-Speed TransmissionHonda today launched global production of a new, state-of-the-art 10-speed automatic transmission at Honda Precision Parts of Georgia, LLC (HPPG) in Tallapoosa, Georgia.
Honda also announced that it has invested nearly $150 million in two U.S. manufacturing plants for production of the industry's first 10-speed automatic transmission (10AT) for front-wheel-drive vehicles.

Omron Ventures Invests In Vision Sensor Development Company

OMRON VENTURES Invests in Vision Sensor Development CompanyOMRON VENTURES Co., Ltd. (Chief Executive Officer: Naoshi Ozawa) announced that it has invested in 3D MEDiA Co., Ltd. (Headquarters: Kusatsu, Shiga; Chief Executive Officer: Gang Xu) (hereinafter referred to as "3D MEDiA"). Through this investment deal, OMRON VENTURES acquired a 7.1% stake in 3D MEDiA for 50 million yen. 3D MEDiA possesses 3D image recognition technology (hereinafter referred to as "vision sensor technology").

Honda Invests $750 Million In Canadian Assembly Plant

2014 Paris Motor Show : Honda Civic Type R ConceptHonda has announced a large investment into its plant that will be building the next-generation Civic.
The Japanese automaker’s plant in Ontario, Canada will become the global leader for production on the 10th generation Civic, which will also mark the first time in the company’s history that a Honda plant outside Japan will be designated as a “global lead plant.”

Toyota Invests $1 Million An Hour On R&d

Toyota Invests $1 Million An Hour On R&DToyota is spending $1 million an hour on R&D including forward-looking, leading-edge technologies and product development in activities associated with the environment, energy and safety.
The latest annual report from Toyota Motor Corporation (TMC) confirms it invested 807.4 billion yen (A$8.85 billion) on research and development in its financial year ended March 30, 2013.