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Honda Motor Co. will stop funding a joint speculation with General Motors and Cruise to launch a robotaxi military service in Japan , now thatGM has pulled the plug on Cruiseand its commercial-grade robotaxi ambition , reportsTheNikkei .
GM say Tuesday it would cease funding Cruise and instead absorb the company and combine it with its own feat to develop personal autonomous fomite .
While GM owns 90 % of Cruise , Honda contain a small nonage bet alongside other investors like T. Rowe Price and Microsoft . GM said it plans to buy back shares from minority stakeholder and increase its ownership stake to more than 97 % .
Honda , Cruise , and GM announced plans in October 2023 to establish a robotaxi service inTokyo together in 2026using Cruise ’s function - built robotaxis , scream The Origin . A few days later , Cruise lost its permitsto function in California and ground its U.S. fleet after leadership mishandled communications of a safety gadget incident with regulators .
In January 2024,Honda ’s CEO saidhe expect the Japanese automaker to debut AVs closer to the end of the ten . Seven month later , Cruise abandoned its plansto build the Origin robotaxi .
