Honda has much to offer Cruise, the young startup backed by GM. Honda's move to invest billions in the self-driving tech company gives new credence to the San Francisco operation and intensifies its competition with Google's Waymo.
Honda plans a fix starting next month for an over-fueling problem in its top seller -- the CR-V. The problem affects some 2017-18 CR-Vs sold in the U.S. with 1.5-liter engines driven on short trips in cold weather. Under such conditions, a number of the engines' crankcases have filled with gasoline, causing some vehicles to stall.
Honda plans to invest $2.75 billion in GM's autonomous vehicle operations, including plans to develop and deploy a purpose-built self-driving vehicle. Honda will receive a 5.7 percent stake in GM Cruise.
GM's 'deeply trustful' bond with Honda; Renault-Nissan, Daimler mull deeper ties; Ford seeks unity on AVs; Reynolds settlement; China's GAC may delay U.S. entry; In Paris: Peugeot E-Legend, Ferrari Monza.
Honda had a strong U.S. sales performance in September from the freshened Honda Pilot and re-engineered Acura RDX crossovers, but lower sales across the rest of the line resulted in a 7 percent sales dip from the year-earlier period.