GM will join with Honda to develop a "purpose-built autonomous vehicle" for Cruise, GM's self-driving division.
Honda will invest $2 billion over 12 years, with an additional $750 million invested in Cruise.
Honda's equity investment raises Cruise's valuation to $14.6 billion.
General Motors announced Wednesday that it has allied with Honda to pursue a shared self-driving future.
Honda will invest $2 billion over 12 years in the collaboration with GM's Cruise autonomous division, with an...