GM and Honda are joining forces on self-driving cars, with a $750-million Honda investment making GM Cruise worth $14.6 billion

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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.