Honda, GM, Cruise To Begin Driverless Ridehail Service In Japan In 2026

RTTNews | 433 วันที่ผ่านมา
Honda, GM, Cruise To Begin Driverless Ridehail Service In Japan In 2026

(RTTNews) - Auto majors Honda Motor Co., Ltd. and General Motors Co., as well as Cruise LLC, self-driving car company majority owned by GM, announced that they have entered into a Memorandum of Understanding to form a joint venture to begin a driverless ridehail service in Japan in early 2026.

Cruise Origin, jointly developed by GM, Cruise and Honda and purpose built for a driverless ridehail service, will be used for the service. The three companies plan to establish the new joint venture in the first half of 2024 pending regulatory approvals.

The driverless ridehail service is expected to be launched in central Tokyo in early 2026. The service will start with dozens of Cruise Origins, which will then be expanded to a fleet of 500 Cruise Origins.

The companies also plan to subsequently expand and scale the service to areas outside of central Tokyo.

Cruise Origin, a self-driving vehicle with no driver's seat or steering wheel, features a vast cabin space that allows 6 people to ride simultaneously, facing-to-face.

In Japan, the new driverless ridehail service is expected to offer an entirely new kind of mobility experience. The companies target a wide range of customers, including business people, families, visitors and more, to use the service.

Cruise Origin will come pick up the customers at a specified location and drive them to the destination, entirely through self-driving. Customers through a dedicated app on their smart phones can complete the entire process from hailing to payment.

Kyle Vogt, Founder and CEO of Cruise, noted that all of its work scaling in dense urban US markets will position them well to address the huge opportunity for autonomous vehicles in Japan.

Toshihiro Mibe, Global CEO of Honda, said, "Through our driverless ridehail service, we will enable customers in Japan to experience a new value of mobility, improve the quality of their mobility experiences and offer the joy of mobility. ... Providing this service in central Tokyo where the traffic environment is complex will be a great challenge, however, by working jointly with Cruise and GM, Honda will exert further efforts to make it a reality."

In Japan, the Cruise Origin is scheduled to be on display for the first time at the Honda booth at the JAPAN MOBILITY SHOW 2023 at Tokyo Big Site.

Founded in 2013, Cruise makes self-driving cars. As per its website, Cruise has received $10 billion funding from major companies and investors, including GM, Honda, Microsoft, T. Rowe Price, and Walmart, increasing its valuation 30x since being founded.

แท็ก : GM HMC
read more
GM Raises FY24 EPS Forecast As Q3 Beats Market

GM Raises FY24 EPS Forecast As Q3 Beats Market

Automajor General Motors Co. on Tuesday raised its fiscal 2024 adjusted earnings view in line or above market estimates, after reporting higher third-quarter earnings per share and sales, also above the Street. Net earnings for the quarter, meanwhile, edged down. In pre-market activity on the NYSE, GM shares were gaining around 2 percent.
RTTNews | 64 วันที่ผ่านมา
GM To Build New $3.5 Bln EV Battery Plant With Samsung SDI

GM To Build New $3.5 Bln EV Battery Plant With Samsung SDI

Auto major General Motors has signed a deal with South Korean EV battery maker Samsung SDI to establish a joint venture to build a $3.5 billion plant to supply electric vehicle or EV batteries in the United States. The new battery cell manufacturing plant with an annual production capacity of 27GWh initially, is targeting mass production in 2027.
RTTNews | 119 วันที่ผ่านมา
Uber In Deal With GM's Cruise To Offer Robotaxis Next Year

Uber In Deal With GM's Cruise To Offer Robotaxis Next Year

Uber Technologies, Inc. and Cruise LLC, the autonomous vehicle company owned by General Motors Co., are joining to offer Cruise autonomous vehicles through the Uber platform. The companies, which are revolutionizing transportation, agreed on a multiyear strategic partnership that will be launched next year. Under the deal, a number of Chevy Bolt-based autonomous vehicles will be offered for...
RTTNews | 124 วันที่ผ่านมา
GM To Cut More Than 1,000 Software Jobs

GM To Cut More Than 1,000 Software Jobs

Auto major General Motors is laying off more than 1,000 salaried employees in its software and services division across the world, mostly in the U.S., with a view to streamlining its operations, reports said. In the proposed layoffs of software engineers, more than 600 will be at GM's tech campus in Michigan. The job cuts represent about 1.3 percent of GM's global salaried workforce...
RTTNews | 127 วันที่ผ่านมา
GM Q2 Volume Down, Cuts FY24 Earnings View; Stock Dips

GM Q2 Volume Down, Cuts FY24 Earnings View; Stock Dips

Shares of General Motors Co. were losing more than 6 percent in the early morning trading on the NYSE after the automajor reported Tuesday weak sales volume in its second quarter, mainly in China, and trimmed its fiscal 2024 earnings forecast on a reported basis. However, the company raised its annual adjusted earnings view after reporting higher second-quarter earnings and revenues above market e
RTTNews | 155 วันที่ผ่านมา
CPSC Recalls: Honda Motorcycles, Power Adapters, Hair Dryers, Children's Pajamas

CPSC Recalls: Honda Motorcycles, Power Adapters, Hair Dryers, Children's Pajamas

The U.S. Consumer Product safety Commission or CPSC has announced recalls including Honda off-road motorcycles, power adapters, hair dryers, and children's pajamas, citing various reasons. Torrance, California-based American Honda Motor Co. Inc., affiliated to Japanese automajor Honda Motor Co., has called back about 40,700 units of off-road motorcycles citing crash and injury risks.
RTTNews | 173 วันที่ผ่านมา
Toyota Stock Hit By Halt Of 3 Models, HQ Raid By Japan Officials

Toyota Stock Hit By Halt Of 3 Models, HQ Raid By Japan Officials

Toyota Motor Corp. stock was hit on Tuesday's trading in Japan after the Japanese auto major announced the halt of shipments and sales of three models produced in the country following certification issues and a raid at its headquarters by government officials.
RTTNews | 204 วันที่ผ่านมา